If Potential GDP Is Equal to $1 800 Billion, What

question 24

Multiple Choice

If potential GDP is equal to $1 800 billion, what does the long-run aggregate supply curve look like?

• A)It is a horizontal line at $1 800 billion of GDP.
• B)It is a vertical line at $1 800 billion of GDP.
• C)It is a vertical line at a level of GDP below $1 800 billion GDP.
• D)It is a vertical line at a level of GDP above $1 800 billion.

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Definitions:

HNO3

Nitric acid, a highly corrosive and toxic strong acid used in the production of fertilizers, explosives, and in the production of other chemicals.

Reactivity

The inclination of a material to participate in chemical changes, alone or in combination with other elements, leading to the liberation of energy.

Chlorine

A highly reactive, greenish-yellow gaseous element used in water purification and the production of numerous chemicals.

Aluminum Chloride

A chemical compound with the formula AlCl3, widely used in the chemical industry as a catalyst and as a component in a variety of chemical reactions.