Author Question: Which of the following is true of the long-run aggregate supply curve? a. It is vertical. b. The ... (Read 43 times)

notis · **on:** Jun 30, 2018

Which of the following is true of the long-run aggregate supply curve?
a. It is vertical.
b. The level of RGDP supplied does not change as the price level changes.
c. The level of RGDP supplied changes with the levels of capital, land, labor, and technology available to the economy.
d. all of the above

Question 2

In general, autonomous spending increases have a lower multiplier effect on real GDP when the economy is open to international trade.
a. True
b. False
Indicate whether the statement is true or false