When talking about aggregate supply, it is necessary to
A) distinguish between long- run full employment and short- run full- employment.
B) distinguish between long- run aggregate supply and short- run aggregate supply.
C) focus on the short run.
D) focus on the long run.
Correct Answer:
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Q1: Aggregate supply describes the behavior of
A) households.
B)
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: In the macroeconomic long run,
A) real GDP
Q7: If the economy is at the natural
Q9: The aggregate supply/aggregate demand model is used
Q10: The macroeconomic long run is best defined
Q18: In the long-run
A) real GDP is equal
Q57: At potential GDP
A) unemployment is at its
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