In the AD/AS framework, the natural level of real output is determined by the quantity and quality of the factors of production, which include all of the following except
A)capital stock.
B)natural resources.
C)money supply.
D)the labor force.

Question

Quizplus · Accepted Answer

The natural level of real output is determined by the quantity and quality of factors of production, including capital stock, natural resources, and the labor force. The money supply is not a factor of production, so C is the correct answer.

In the AD/AS Framework, the Natural Level of Real Output