When Potential GDP Increases,short-Run Aggregate Supply Also Increases,but Long-Run Aggregate

question 122

True/False

When potential GDP increases,short-run aggregate supply also increases,but long-run aggregate supply does not change.

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Definitions:

Double-blind Procedure

A study design in which neither the participants nor the researchers know who is receiving a particular treatment, minimizing bias.

Drug-evaluation Studies

Research assessments that determine the efficacy, safety, and side effects of medications before they are approved for public use.

Research Participants

Individuals who volunteer or are selected to partake in scientific studies, contributing data through their experiences or responses.

Control Group

In an experiment, the group that is not exposed to the treatment; contrasts with the experimental group and serves as a comparison for evaluating the effect of the treatment.