The level of real GDP identified by the long-run aggregate supply curve is

A) the level of GDP at which each industry is experiencing growth in sales.
B) the level of GDP at which each business firm is experiencing growth in sales.
C) the level of GDP at which no one is below the poverty line.
D) the full-employment level of real GDP.

D

Economics

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Based on the information in Scenario 1, nominal GDP grew by about ________ percent from 2015 to 2016

A) 23 B) 31 C) 62 D) 162

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Why does a demand curve with a constant slope not have a constant elasticity?

What will be an ideal response?

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