The long-run aggregate supply curve implies that:
A) in?ation can be lowered by reducing aggregate supply.
B) increases in aggregate demand will be in?ationary.
C) aggregate demand needs to increase in order for the economy to grow.
D) supply is highly responsive to changes in the price level.
Correct Answer:
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Q1: Which of the following is a fundamental
Q2: As of 2008, which of the following
Q3: According to Solow, which of the following
Q5: For fully developed economies in Europe, the
Q6: The aggregate supply curve is _.
A) the
Q7: Economic growth is measured as the:
A) percentage
Q8: Which of the following measures the productivity
Q9: The neoclassical model of economic growth suggests
Q10: Which of the following statements is true?
A)
Q11: If the UK increases its level of
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