If Potential GDP Is Equal to $600 Billion, What Does

question 87

Multiple Choice

If potential GDP is equal to $600 billion, what does the long-run aggregate supply curve look like?

• A)It is a horizontal line at $600 billion of GDP.
• B)It is a vertical line at a level of GDP below $600 billion.
• C)It is a vertical line at $600 billion of GDP.
• D)It is a vertical line at a level of GDP above $600 billion.
• E)It is a positively sloped line beginning at the origin and passing through a GDP of $600 billion.

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Definitions:

Referral Selling

A sales strategy where existing customers are encouraged to refer new clients or customers to a business, often incentivized with rewards.

Door-to-Door Sales

The direct selling of goods or services to consumers at their homes or places of residence.

Abuses

The improper use or treatment of someone or something, often to unfairly or improperly gain benefit.

Cooling-Off Period

A statutorily defined period during which purchasers in door-to-door sales may change their minds and rescind a contract.