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Author Question: The long-run aggregate supply curve shows the A) maximum GDP the nation will ever produce. B) ... (Read 55 times)

mikaylakyoung

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on: Jun 29, 2018
The long-run aggregate supply curve shows the
 
  A) maximum GDP the nation will ever produce.
  B) full-employment level of real GDP.
  C) level of real GDP associated with a constant price level.
  D) level of output at which real GDP equals nominal GDP.

Question 2

The quantity of labor supplied depends on the
 
  A) money wage rate not the real wage rate.
  B) real wage rate not the money wage rate.
  C) price of output not the money wage rate nor the real wage rate.
  D) level of profits.


leahchrapun

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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