Multiple Choice
A vertical curve that defines the level of full-employment or potential output based on a given amount of resources,efficiency,and technology in the economy is called:
A) the short-run aggregate supply curve.
B) the long-run aggregate supply curve.
C) the aggregate demand curve.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q34: An aggregate supply curve that is either
Q35: An increase in the costs of resources
Q36: A curve that shows the price level
Q37: Unemployment compensation is an example of:<br>A)non-discretionary expenditures.<br>B)discretionary
Q38: During the recession of 2007-2009,the U.S.economy was
Q40: The portion of the short-run aggregate supply
Q41: A depreciation of the U.S.dollar would shift
Q42: A decrease in taxes would shift the:<br>A)aggregate
Q43: Decreases in autonomous spending cause rightward shifts
Q44: An increase in wealth would shift the:<br>A)aggregate