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What does it mean when the economy is at equilibrium with real GDP?
A. The total quantity of goods and services produced (real GDP) matches the total quantity of goods and services demanded, with no tendency for inflation or deflation.
B. The economy is experiencing a recession with a significant decrease in real GDP.
C. The economy is operating at full capacity with no unemployment.
D. The economy is in a state of hyperinflation with rapidly increasing real GDP.