We can say that the potential level of real GDP is fixed because the long-run aggregate supply curve is a vertical line
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following is one component of the "trilemma" that is faced by policy makers in choosing monetary arrangements?
A) exchange rate stability B) restrictions on international capital movements C) tariffs and subsidies D) restrictions on the migration of labor E) global inflation
Economics
Which president said, "Prosperity is just around the corner"?
A) Herbert Hoover near the start of the Great Depression B) Franklin Delano Roosevelt near the start of the Great Depression C) George W. Bush near the start of the Great Recession D) Barack Obama near the start of the Great Recession
Economics