For movements along the short-run aggregate supply curve
A) the money wage rate is constant.
B) the real wage rate changes.
C) potential GDP remains constant.
D) All of the above are correct.
D
Economics
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GDP does not directly include intermediate goods because
A) intermediate goods are not valuable. B) intermediate goods are not useful to consumers. C) that would count the intermediate goods twice. D) that would understate the true size of GDP.
Economics
The market for indentured servants could be best described as:
a. A monopoly. b. An oligopoly. c. A competitive market.
Economics