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The level of output that the economy would produce if all prices, including nominal wages, were fully flexible is called:
Q1: Government borrowing will not crowd out private
Q18: If the economy is at potential output
Q43: (Figure: Short- and Long-Run Equilibrium II) Refer
Q119: (Figure: AD-AS Model I) Refer to Figure:
Q164: An increase in the price of oil
Q246: Inflation targeting occurs when the central bank
Q253: Potential real GDP is $10,000 and the
Q277: (Figure: Inflationary and Recessionary Gaps) Refer to
Q293: The long run in macroeconomic analysis is
Q301: In the long run, the economy is:<br>A)