Multiple Choice
For movements along the long-run aggregate supply curve
A) potential GDP is dependent on the price level.
B) the prices of goods and services change while the prices of productive resources hold steady.
C) the price level and the money wage rate change by the same percentage.
D) All of the above answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q38: The long-run aggregate supply curve is vertical
Q39: If the full-employment quantity of labor increases,
Q40: What happens to the aggregate demand curve
Q41: Which of the following decreases aggregate demand?<br>A)
Q42: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
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Q45: The data in the above figure indicate
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Q48: The AD curve shows the sum of<br>A)