If the economy is producing at potential GDP,
A) the Phillips curve must be positively sloped.
B) unemployment is at its natural rate.
C) inflation in the economy is at its natural rate.
D) the short-run aggregate supply curve must be vertical.
B
Economics
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Taxes are the difference between
a. GDP and net exports. b. GDP and consumer spending. c. Consumer spending and saving. d. GDP and disposable income.
Economics
Which of the following programs is the second-largest federal income transfer program?
A. Social Security. B. Medicaid. C. Unemployment compensation. D. Medicare.
Economics