The portion of the aggregate supply curve that is a positive function of the general price level represents excess capacity and unemployed resources

a. True
b. False
Indicate whether the statement is true or false

False

Economics

You might also like to view...

Refer to the table above. What is the marginal benefit that Jenny derives from the fifth unit?

A) $0 B) $1 C) $6 D) $30

Economics

When the Fed wants to increase the US money supply, it will usually buy US treasury bonds from banks

a. true b. false

Economics