The aggregate supply/aggregate demand model is used to help understand all of the following EXCEPT
A) inflation.
B) growth of potential GDP.
C) the aggregate value of stock traded in the stock market.
D) business cycle fluctuations.
Correct Answer:
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Q4: The supply of real GDP is a
Q5: The long- run aggregate supply (LAS) curve
A)
Q6: The quantity of real GDP supplied depends
Q7: If the economy is at the natural
Q10: The macroeconomic long run is best defined
Q12: Which of the following variables does NOT
Q13: The quantity of real GDP supplied at
Q16: We distinguish between the long-run aggregate supply
Q18: In the long-run
A) real GDP is equal
Q57: At potential GDP
A) unemployment is at its
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