According to ________, the economy is normally at potential GDP
A) real business cycle models B) the adaptive expectations theory
C) the short-run Phillips curve D) new Keynesian economists
A
Economics
You might also like to view...
A merger between two commercial airlines is a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
Economics
Long-run elasticity of supply is defined as
a. percentage change in quantity demanded in the long run divided by percentage change in price. b. percentage change in price divided by percentage change in quantity demanded in the long run. c. percentage change in quantity supplied in the long run divided by percentage change in price. d. percentage change in price divided by percentage change in quantity demanded in the long run.
Economics