Solved

In the Long Run

Question 129

Multiple Choice

In the long run

A) GDP > potential GDP.
B) unemployment is at its natural rate.
C) LRAS and SRAS lie on the same line.
D) the inflation rate is zero.

Related Questions

Q124: Workers and firms both expect that prices

Q125: Workers expect inflation to rise from 3%

Q126: Figure 13-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-2

Q127: Higher personal income taxes<br>A)increase aggregate demand.<br>B)increase disposable

Q128: Long-run macroeconomic equilibrium occurs when<br>A)the aggregate demand

Q130: The invention of the integrated circuit by

Q131: The short-run aggregate supply curve has a(n)_

Q132: Use the dynamic model of aggregate demand

Q133: Figure 13-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-1

Q134: A decrease in aggregate demand causes a