When the labor market is at full employment
A) real GDP equals potential GDP.
B) the price level is stable.
C) the price level equals the potential price level.
D) the short run aggregate supply curve is horizontal.
A
Economics
You might also like to view...
Refer to Figure 11-11. Constant returns to scale
A) occur between 10,000 and 20,000 pictures frames per month. B) occur for output rates greater than 5,000 picture frames. C) occur between 5,000 and 20,000 picture frames per month. D) will shift the long-run average cost curve downward.
Economics
Which of the following economists is best known for exploring the application of economic analysis to human resources issues?
A) Edward Lazear B) Alan Krueger C) Claudia Goldin D) David Hammermesh
Economics