When resource prices are negotiable, the long-run aggregate supply curve is represented by:
a. an upward-sloping line
b. a downward-sloping line
c. a vertical line at potential output

A government debt larger than the economy's GDP ________

A) is an example of debt repudiation B) is a predictor of future large budget deficits C) is a consequence of debt intolerance D) is a possible consequence of tax smoothing

During 1980-2009, the countries achieving the most rapid growth of real GDP were nearly all

What will be an ideal response?