Multiple Choice
Consider the AD/AS macro model.The study of short-run cyclical fluctuations usually assumes,for simplicity,that there are no changes in
A) the AS curve.
B) potential GDP.
C) either the AS curve or potential GDP.
D) either the AD or AS curves.
E) the intersection of the AD and AS curves.
Correct Answer:
Verified
Correct Answer:
Verified
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