Potential GDP refers to the level of
A) real GDP in the short run. B) real GDP in the long run.
C) nominal GDP in the long run. D) nominal GDP in the short run.
B
Economics
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What contributed to stagflation’s demise between 1982 and 1989? How did these events affect aggregate supply and the Phillips Curve?
What will be an ideal response?
Economics
Which of the following best represents the effect of an increase in investment?
A.
Moving from point a to point b
B.
Moving from point d to point c
C.
Moving from point a to point c
D.
Moving from point b to point d
Economics