Which of the following is true about the economy in the long run?
A) Equilibrium output is always below potential GDP.
B) The aggregate supply curve is horizontal.
C) Structural unemployment and frictional unemployment are nonexistent.
D) Business profits do not increase.
E) Production costs are close to zero.

Question

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The Answer of Which of the following is true about the economy in the long run?
A) Equilibrium output is always below potential GDP.
B) The aggregate supply curve is horizontal.
C) Structural unemployment and frictional unemployment are nonexistent.
D) Business profits do not increase.
E) Production costs are close to zero.

Which of the Following Is True About the Economy in the Long