In the macroeconomic short run
A) actual real GDP may be less than or more than potential GDP.
B) the unemployment rate is zero.
C) by definition, the economy is always moving away from full employment.
D) actual real GDP always equals potential GDP.
Correct Answer:
Verified
Q5: For movements along the long-run aggregate supply
Q6: In the macroeconomic long run
A) real GDP
Q7: The long-run aggregate supply curve is vertical
Q8: We distinguish between the long-run aggregate supply
Q9: In the macroeconomic long run
A) real GDP
Q11: When the price level rises, the long-run
Q12: The long-run aggregate supply curve is
A) horizontal
Q12: Which of the following statements is TRUE?
A)
Q13: An aggregate supply curve depicts the relationship
Q15: The long-run aggregate supply curve is the
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