An increase in resources available would decrease potential GDP and the long-run aggregate supply curve

Indicate whether the statement is true or false

FALSE

Economics

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The real burden of an increase in the public debt:

A. may be very small or conceivably zero when the economy is in a severe depression. B. will be smaller when full employment exists than when the economy has large quantities of idle resources. C. can be shifted to future generations if the debt is internally financed. D. can best be measured by the dollar increase in the size of the debt.

Economics

A consumer increases their consumption from 2 to 4 units of a product.. As it does its total utility rises from 10 to 16 utils. The consumers marginal utility is:

a) 6 utils. b) 2 utils. c) 3 utils. d) 4 utils.

Economics