The long-run aggregate supply curve shows the relationship between
A) short-run aggregate supply and short-run aggregate demand.
B) the price level and quantity of real GDP supplied.
C) the real interest rate and the nominal interest rate.
D) the quantity of real GDP supplied and the quantity of nominal GDP supplied.
E) the supply of labour and the price level.
Correct Answer:
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Q111: If the economy receives an influx of
Q112: If technological change occurs in the economy,
A)the
Q113: On the long-run aggregate supply curve,
A)an increase
Q115: Potential GDP is also referred to as
A)realized
Q117: Figure 9.3 Q118: Changes in _ do not affect the
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