Author Question: The nominal cost per unit of output rises when production is pushed beyond an economy's potential ... (Read 41 times)

captainjonesify · **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.