Multiple Choice
Consider the AD/AS macro model.The main source of increases in material living standards over the long term is the
A) maintenance of a continuous inflationary gap.
B) continual avoidance of recessionary gaps.
C) continuous outward shift of aggregate demand.
D) continual increase in potential national income.
E) positive slope of the aggregate supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: The diagram below shows an AD/AS model
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Q48: Which of the following statements about fiscal
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Q53: Consider the basic AD/AS macro model in
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