We Can Say That the Potential Level of Real GDP

question 78

True/False

We can say that the potential level of real GDP is fixed because the long-run aggregate supply curve is a vertical line.

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Definitions:

Assertive

Characterized by confidence and self-assurance in stating opinions or claims, often in a respectful and non-confrontational manner.

Firm

describes a solid or hard texture, not easily pressed into.

Respect

The act of valuing and considering the feelings, wishes, rights, or traditions of others.

Aggressive

Imposing one’s position on others or trying to manipulate them.