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Author Question: Long-run macroeconomic equilibrium is achieved when the money wage rate has adjusted so that ... (Read 62 times)

panfilo

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  • Posts: 572
on: Jun 29, 2018
Long-run macroeconomic equilibrium is achieved when the money wage rate has adjusted so that employment is such that real GDP equals potential GDP.
 
  Indicate whether the statement is true or false

Question 2

In the above figure, using the slope across an arc, the slope of the curve between points b and c is
 
  A) 1/3.
  B) -1/3.
  C) 3.
  D) -3.


Christopher

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


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