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Author Question: The nominal cost per unit of output rises when production is pushed beyond an economy's potential ... (Read 34 times)

captainjonesify

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on: Jun 30, 2018
The nominal cost per unit of output rises when production is pushed beyond an economy's potential output.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the long run, a change in the money supply does not affect the natural rate of unemployment because:
 a. the aggregate demand curve is vertical.
 b. the aggregate demand curve is downward sloping.
 c. the long-run aggregate supply curve is vertical.
 d. the long-run aggregate supply curve is upward sloping.
  e. the long-run aggregate supply curve is horizontal.


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kalskdjl1212

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

True

Answer to Question 2

c


captainjonesify

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Reply 2 on: Jun 30, 2018
:D TYSM

frankwu0507

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Reply 3 on: Yesterday
Excellent

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