Neoclassical economists who focus on potential GDP as the primary determinant of real GDP argue that the long-run aggregate _______________ curve is located at potential GDP.

a. demand
b. supply
c. production
d. labor

b. supply

Economics

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In the figure above, Nike maximizes its profit if it sells ________ pairs of shoes per day

A) 120 B) 87 C) 137 D) 150

Economics

The level of income is unchanged in response to anticipated anti-inflation policy in ________

A) real business cycle theory B) traditional Keynesian theory C) new Keynesian theory D) post classical theory

Economics