The real output of the economy under conditions of full employment
A) is long-run aggregate demand. B) is long-run aggregate supply.
C) happens only when there is no inflation. D) is determined by the real-balance effect.
B
Economics
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Over time, an increase in a nation's stock of physical capital will:
a. shift the production possibilities curve inward. b. cause an economy to operate inside its production possibilities curve. c. shift the production possibilities curve outward. d. eliminate the basic economic problem of scarcity.
Economics
Evaluate the argument: “Restricting imports from other nations will save U.S. jobs.”
What will be an ideal response?
Economics