When potential GDP increases, short-run aggregate supply also increases, but long-run aggregate supply does not change
Indicate whether the statement is true or false
FALSE
Economics
You might also like to view...
This Application addresses the economic concept of
A) procyclical investment. B) financial intermediaries. C) present value. D) the multiplier-accelerator model.
Economics
To reach general equilibrium, the price level adjusts to shift the ________ until it intersects with the ________
A) IS curve; FE line and LM curve B) FE line; LM and IS curves C) LM curve; FE line and IS curve D) ND curve; FE line and NS curve
Economics