Potential output in an economy is dependent upon which of the following factors?
a. the given supply of resources
b. rate of unemployment
c. nominal wages
d. potential output is not dependent on any of the previous factors
a
Economics
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The long-run aggregate supply curve is ________ because along it, as prices rise, the money wage rate ________
A) vertical; falls B) vertical; rises C) upward sloping; falls D) upward sloping; stays constant
Economics
If the United States has an absolute advantage in producing computer components, it should export them worldwide
a. True b. False
Economics