Multiple Choice
In the long run:
A) real GDP is determined by the aggregate supply.
B) increases in the supply of money lead to increases in real GDP.
C) prices are sticky.
D) real GDP is completely demand- determined.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q52: What is a wage- price spiral?
Q53: Suppose the economy is in a recession
Q54: When the economy is not at full
Q55: If the economy is operating above full
Q56: If Say's Law holds true, then if
Q58: Assuming that the economy is in the
Q59: Is money neutral in the long run?
Q60: The aggregate demand curve shows the relationship
Q61: Suppose the economy is initially operating at
Q62: Monetary neutrality:<br>A) means that a change in