If full-employment GDP is equal to $4.2 trillion, what does the long-run aggregate supply curve look like?
A) It is a vertical line at a level of GDP above $4.2 trillion.
B) It is a vertical line at $4.2 trillion of GDP.
C) It is a horizontal line at $4.2 trillion of GDP.
D) It is a vertical line at a level of GDP below $4.2 trillion.
B
Economics
You might also like to view...
Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more piece of pizza
A) efficient price B) efficient amount C) marginal benefit D) marginal cost
Economics
The belief that wages are "sticky downwards" was held by:
A. Keynes, but not the classical macroeconomic theorists. B. neither Keynes nor the classical macroeconomic theorists. C. the classical macroeconomic theorists, but not Keynes. D. both Keynes and the classical macroeconomic theorists.
Economics