On the graph above, suppose the economy is at point F when there is a temporary positive supply shock. The new long-run equilibrium is at point ________

A) H
B) I
C) F
D) G
E) none of the above

C

Economics

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The resource income earned by those who supply ________ is called wages

A) labor B) natural resources C) entrepreneurship D) capital

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According to the classical dichotomy, what changes nominal variables? What changes real variables?

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Economics