Economic growth implies a
A. Rightward shift of the short-run aggregate supply curve.
B. Rightward shift of the aggregate demand curve.
C. Rightward shift of the long-run aggregate supply curve.
D. Leftward shift of the long-run aggregate supply curve.
Answer: C
Economics
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GDP divided by the population gives us
A) the price level. B) the GDP deflator. C) per capita GDP. D) real GDP. E) none of the above.
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The original Phillips curve depicted an inverse relationship between wage inflation and unemployment
Indicate whether the statement is true or false
Economics