Multiple Choice
The supply of real GDP is a function of
A) the total expenditures of consumers, investors and government.
B) the sum of wages, salaries, corporate profits, rents and interest.
C) only the state of technology.
D) the quantities of labor, capital and the state of technology.
Correct Answer:
Verified
Correct Answer:
Verified
Q284: According to www.oecd.org, the United States spends
Q285: Technological progress will<br>A) shift the LAS curve
Q286: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q287: The long-run aggregate supply curve is _
Q288: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure
Q290: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q291: One reason that the aggregate demand curve
Q292: When the quantity of capital increases, then
Q293: The positive relationship between short-run aggregate supply
Q294: A lower price level combined with a