Which of the following is a FALSE statement?
A) the very long run focuses on the growth of productive capacity
B) in the very long run, the productive capacity is assumed to be given
C) in the very short run, shifts in aggregate demand determine how much output is produced
D) fluctuations in the rates of inflation and unemployment are important long-run issues
E) at the full-employment level of output, capital is not used 100 percent
Correct Answer:
Verified
Q1: Nominal GDP is correctly defined as
A)the monetary
Q2: Which of the following is FALSE in
Q4: If a shift in the AD-curve has
Q5: In the very short run, the level
Q6: In the very long-run AD-AS model, if
Q7: The position of the AS-curve depends on
A)fiscal
Q8: Which of the following transactions will have
Q9: Which of the following is NOT a
Q10: Government intervention into economic activity will NOT
Q11: In the simple macro model of this
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