If potential GDP increases, then in the figure above the potential GDP line ________, and the aggregate supply curve ________

A) does not shift; does not shift
B) shifts rightward; does not shift
C) does not shift; shifts rightward
D) shifts rightward; shifts rightward
E) shifts rightward; shifts leftward

D

Economics

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Vipsana's Gyros House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro is $2.00. Vipsana pays her employees $60 per day. She also incurs a fixed cost of $120 per day

Calculate Vipsana's variable cost per day when she produces 50 gyros using two workers? A) $100 B) $124.40 C) $220 D) $240

Economics

Which of the following approaches does not offer an international dependence explanation of underdevelopment?

a. the false paradigm model b. the neoclassical counter-revolution c. the dualistic development model d. the neocolonial dependence model

Economics