Which of the Following Is a Defining Characteristic of the AD/AS

question 15

Multiple Choice

Which of the following is a defining characteristic of the AD/AS macro model in the long run?

• A)the level of potential output is constant
• B)technology used in production is constant
• C)factor supplies are assumed to be fixed
• D)factor prices are assumed to be fixed
• E)changes in real GDP are determined by the changes in potential output

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