Changes in which of the following do NOT shift the AS curve? i. the price level ii. potential GDP iii. the money wage rate
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii
A
Economics
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Refer to Figure 10.3. What is the competitive price?
A) P1 B) P2 C) P3 D) P4 E) P5
Economics
If the full-employment level of income in Figure 9.7 is $300 billion, there is
A. Achievement of macro equilibrium. B. An inflationary gap of $500 billion per year. C. A recessionary gap of $50 billion per year. D. A recessionary gap of $100 billion per year.
Economics