If the demand elasticity for corn is -0.5, then a 5% increase in the quantity demanded to the market will result in a price change of

If the short-run aggregate supply increases by less than the long-run aggregate supply, then, at the short-run equilibrium

A) GDP will be below potential GDP. B) aggregate demand will increase. C) GDP will be equal to potential GDP. D) GDP will be above potential GDP.

Earnings mobility is pervasive

Indicate whether the statement is true or false