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Author Question: The long-run aggregate supply curve assumes that A) the unemployment rate is more than 9 percent. ... (Read 41 times)

jace

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on: Jun 30, 2018
The long-run aggregate supply curve assumes that
 
  A) the unemployment rate is more than 9 percent.
  B) there is no government purchasing of goods and services.
  C) only laborers are fully employed.
  D) all factors of production are fully employed.

Question 2

In the classical model, desired saving
 
  A) is inversely related to real income. B) exceeds investment.
  C) is equal to desired investment. D) is less than desired investment.


jointhecircus

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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