Multiple Choice
In the long-run equilibrium
A) output is a function of autonomous expenditures.
B) inflation is a function of past inflation.
C) inflation equals potential output.
D) output equals potential output.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: A permanent negative supply shock leads to
Q8: Everything else held constant,aggregate demand increases when<br>A)taxes
Q9: Which of the following increases aggregate supply
Q10: Suppose the economy is producing at the
Q11: According to aggregate demand and supply analysis,the
Q13: According to aggregate demand and supply analysis,the
Q14: Suppose the economy is producing at the
Q15: The fact that an economy always returns
Q16: Which of the followings does NOT shift
Q17: By looking at aggregate demand via its