If actual output exceeds potential output, the short-run aggregate supply curve shifts downward over time

Indicate whether the statement is true or false

FALSE

Economics

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When an economy is operating at full employment, _____

a. structural unemployment does not exist b. cyclical unemployment does not exist c. the unemployment rate is zero d. seasonal unemployment does not exist e. the number of discouraged workers is zero

Economics

The increase in real GDP per hour of labor that results from an increase in capital per hour of labor ______.

A. is constant and independent of the quantity of capital B. is larger at a small quantity of capital than at a large quantity of capital C. is smaller at a small quantity of capital than at a large quantity of capital D. decreases as technology advances

Economics