Over a business cycle,the quantities of capital,human capital and entrepreneurial talent
A) are constant and do not change.
B) cycle alongside real GDP.
C) are completely unpredictable and cannot be forecast.
D) cycle more than real GDP.
E) change gradually and do not fluctuate much.
Correct Answer:
Verified
Q3: The aggregate supply curve shows the relationship
Q6: Suppose the price level rises leading to
Q7: Moving along the AS curve, when the
Q8: Because there is a _ relationship between
Q10: The quantity of real GDP supplied increases
Q12: If the price of widgets is $2
Q13: The line showing potential GDP is a
Q14: The slope of the aggregate supply curve
Q15: The aggregate supply curve is a(n) _
Q20: An increase in the price level leads
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