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Author Question: Long-run aggregate supply curve in the classical model A) is a downward sloping line. B) is the ... (Read 120 times)

brutforce

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on: Jun 30, 2018
Long-run aggregate supply curve in the classical model
 
  A) is a downward sloping line.
  B) is the level of real GDP corresponding to 100 percent labor force participation.
  C) is the level of real GDP corresponding to the natural rate of unemployment.
  D) is determined by the capital stock of the economy, not the labor force.

Question 2

What is TRUE of the aggregate supply curve in the classical model?
 
  A) The aggregate supply curve is downward sloping.
  B) The aggregate supply curve is vertical.
  C) The aggregate supply curve is horizontal.
  D) The aggregate supply curve is not determined by the level of employment.


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nanny

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

C

Answer to Question 2

B


brutforce

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Reply #2 on: Jun 30, 2018
Correct answers!


nanny

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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