The long-run economic growth model assumes that:
A) the economy always moves toward equilibrium at full employment.
B) the long run takes a long time to arrive.
C) macroeconomic equilibrium at full employment is only a theory and has little to do with reality.
D) the economy is at full employment at all times.
Correct Answer:
Verified
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Q124: The long-run supply curve is:
A) vertical.
B) horizontal.
C)
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A)
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