he long-run aggregate supply curve is the relationship between the quantity of real GDP supplied and ________ when ________.
What will be an ideal response?
the price level when real GDP equals potential GDP
Economics
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For a firm that wants to remain in business, which of the following costs could be avoided if it halted current production?
a. fixed costs b. variable costs c. sunk costs d. implicit costs
Economics
The marginal revenue product of a resource depends on the following factors, except:
A. The price of the resource B. The price of the product C. The quantity of the resource employed D. The marginal product of the resource
Economics