If the economy is producing at potential GDP
A) unemployment is at its natural rate.
B) the Phillips curve must be positively sloped.
C) the short-run aggregate supply curve must be vertical.
D) inflation in the economy is at its natural rate.
Correct Answer:
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Q52: Robert Shiller posed the following question to
Q53: Growth in aggregate demand will
A)cause deflation.
B)increase unemployment.
C)move
Q54: In the long run,the Phillips curve is
Q55: All other factors held constant,increased growth in
Q56: The unemployment rate that exists when the
Q58: If changes in inflation are higher than
Q59: The long-run aggregate supply curve is _,while
Q60: If actual inflation is greater than expected
Q61: If the rate of inflation in the
Q62: If strong aggregate demand is pushing the
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