Multiple Choice
The vertical portion of the aggregate supply curve is drawn on the assumption that:
A) resource prices are constant.
B) resources and technology do not change.
C) the price level is constant.
D) there is no change in fiscal policy.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q67: Suppose that in 1998, nominal GDP in
Q68: Real GDP is derived by using the
Q69: The aggregate demand curve is negatively sloped
Q70: Suppose that nominal GDP fell from $5,000
Q71: GDP is defined as:<br>A) the market value
Q73: Suppose nominal GDP for 1998 is $8,000
Q74: The positively sloped portion of the aggregate
Q75: Which of the following would be included
Q76: Suppose that over a given time period
Q77: The aggregate demand curve is negatively sloped