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Exhibit 2 Macro AD-AS Model in Exhibit 2, the Long-Run

Question 20

Multiple Choice

Exhibit 2 Macro AD-AS Model Exhibit 2 Macro AD-AS Model In Exhibit 2, the long-run aggregate supply curve represents: A) potential real GDP output for this economy. B) that the economy is experiencing zero inflation. C) that the economy is experiencing a recessionary gap. D) the level of real GDP where the unemployment rate is zero. In Exhibit 2, the long-run aggregate supply curve represents:


A) potential real GDP output for this economy.
B) that the economy is experiencing zero inflation.
C) that the economy is experiencing a recessionary gap.
D) the level of real GDP where the unemployment rate is zero.

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