If firms and workers could predict the future price level exactly,the short-run aggregate supply curve would be
A) upward sloping.
B) downward sloping.
C) horizontal.
D) vertical.
Correct Answer:
Verified
Q121: Workers expect inflation to fall from 4%
Q122: If potential GDP is equal to $600
Q123: If workers leave a country to seek
Q124: When the price level falls from 135
Q125: Suppose a developing country experiences a reduction
Q127: On the long-run aggregate supply curve
A)an increase
Q128: The _ curve is vertical.
A)short-run aggregate supply
B)short-run
Q129: The _ curve has a positive slope
Q130: If technological change occurs in the economy
A)the
Q131: Potential GDP is also referred to as
A)realized
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