Multiple Choice
In the macroeconomic long run,
A) output always is above potential GDP.
B) there is full employment and real GDP is equal to potential GDP.
C) there is full employment with no unemployment.
D) GDP always is below potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q134: In the macroeconomic short run,<br>A) actual real
Q135: According to the intertemporal substitution effect, a
Q136: Starting at full employment, a business cycle
Q137: The short- run aggregate supply curve<br>A) is
Q138: The short- run aggregate supply curve<br>A) becomes
Q140: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -In the above
Q141: According to the wealth effect, when the
Q142: A fall in the money wage rate
Q143: A classical economist believes that<br>A) the economy
Q144: Which of the following shift the LAS