Long-run aggregate supply reflects
A) total production in the economy at full employment.
B) total spending in the economy at full employment.
C) both production and spending in the economy.
D) only foreign production from U.S. subsidiaries.
A
Economics
You might also like to view...
As of 2008, the members of the WTO account for 97 percent of the world's international trade
Indicate whether the statement is true or false
Economics
There are fewer than half as many publishers of college textbooks in the United States now as a generation ago. Three companies alone account for almost two-thirds of the sale of new textbooks
This market situation characterized by very few sellers is known as A) an oligopoly. B) perfect competition. C) pure monopoly. D) monopolistic competition.
Economics