The long-run aggregate supply curve is:
a. upward sloping
b. downward sloping.
c. vertical at full-employment real GDP.
d. horizontal at full-employment real GDP.
c
You might also like to view...
If the supply of oceanfront lots is fixed and perfectly inelastic,
a. the demand for the resource determines its price and the level of economic rent b. the supply of the resource determines its price and the level of economic rent c. the supply of the resource determines its price and the demand for the resource determines the level of economic rent d. the demand for the resource determines its price and the supply of the resource determines the level of economic rent e. the supply curve is horizontal
Which of the following is an in-kind transfer payment?
a. Medicaid b. Social Security c. workers' compensation d. unemployment insurance e. Temporary Assistance to Needy Families