While price misperceptions can cause an increase in labor supply and GDP in the short-run, in the long run:
a. money is no longer neutral in the model.
b. labor supply returns to its initial position.
c. money negatively impacts real GDP.
d. all of the above.
Answer: b. labor supply returns to its initial position.
Economics
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A) a rise in the price in the short run. B) the firms' incurring an economic loss in the short run. C) firms entering the market in the long run. D) none of the above
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Aggregate concentration can be interesting political effects more than for economic effects
Indicate whether the statement is true or false
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