Multiple Choice
In the long run
A) both supply and demand shocks have permanent effects on real GDP.
B) real GDP can remain below potential.
C) real GDP can remain above potential.
D) both supply and demand shocks have no effect on real GDP.
E) supply shocks have permanent effects on real GDP but demand shocks have no effect.
Correct Answer:
Verified
Correct Answer:
Verified
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Q176: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -Refer to Figure
Q177: In the long run,changes in equilibrium GDP
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Q183: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -Refer to Figure
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