A country's potential output depends on each of the following EXCEPT the
A) size of its labour force.
B) amount of its capital stock.
C) price level.
D) productivity of its technology.
E) availability of its natural resources.
Correct Answer:
Verified
Q8: When all prices rise in equal proportion,including
Q9: The level of a country's potential output
Q10: Q11: The LRAS curve is drawn as a Q12: The short-run aggregate supply curve is a Q14: The downward shift in the short-run aggregate Q15: A leftward shift in the LRAS curve Q16: The aggregate demand curve shows that as Q17: Because increases in the price level reduce Q18: The rightward shift in the LRAS curve
A)
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