Long-term economic growth requires a permanent:

a. decline in the average price level.
b. leftward shift of the vertical Phillips curve.
c. rise in the natural rate of unemployment.
d. leftward shift of the aggregate demand curve.
e. rightward shift of the vertical aggregate supply curve.

e

Economics

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Lee, J Brand, Joe's Jeans, Paper Denim & Cloth, Levi's, Wrangler, and many others are all producers of jeans. J Brand jeans sell for about $200 a pair. What would happen if J Brand priced their jeans at $220 per pair?

A) They would sell fewer jeans because demand is elastic. B) They would not sell any jeans. C) They would sell more jeans. D) They would sell fewer jeans because demand is perfectly elastic.

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A lack of vehicle compatibility is a serious problem for highway safety

Indicate whether the statement is true or false

Economics