If the aggregate supply curve is vertical, it follows that a change in
A) Real GDP can originate on the demand side of the economy.
B) Real GDP can originate on the supply side of the economy.
C) Real GDP can originate on either the demand side or the supply side of the economy.
D) price level can originate on the demand side of the economy.
E) b and d
E
Economics
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If firms and workers could predict the future price level exactly, the short-run aggregate supply curve would be
A) downward sloping. B) horizontal. C) upward sloping. D) vertical.
Economics
Which of the following is a social insurance program?
a. Medicaid b. food stamps c. unemployment compensation d. Temporary Assistance for Needy Families e. general assistance
Economics