Multiple Choice
Which of the following is true about the economy in the long run?
A) Equilibrium output is always below potential GDP.
B) The aggregate supply curve is horizontal.
C) Structural unemployment and frictional unemployment are nonexistent.
D) Business profits do not increase.
E) Production costs are close to zero.
Correct Answer:

Verified
Correct Answer:
Verified
Q61: Other things equal, a decrease in aggregate
Q62: Changes in technology have dramatically increased productivity,
Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt=" -Refer to Table
Q64: The short-run aggregate supply curve shifts to
Q65: Investment spending is negatively related to changes
Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt=" -The data in
Q68: Other things equal, an increase in aggregate
Q69: The short run aggregate supply curve slopes
Q70: If the Japanese economy grows, U.S. net
Q71: Other things equal, investment spending declines when<br>A)