The Aggregate Supply Curve Will Be Horizontal If

question 225

Multiple Choice

The aggregate supply curve will be horizontal if

• A)there is no cyclical unemployment.
• B)the economy is operating with considerable idle capacity.
• C)the economy is close to full employment.
• D)the economy is producing real GDP in excess of its potential.

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Definitions:

Radio Broadcasts

The transmission of audio content through radio waves to the public, used for entertainment, news, and education.

Segregated Units

Military or other groups that were divided based on race or ethnicity, common in the U.S. until the mid-20th century.

Desegregated

Refers to the process of eliminating segregation, particularly racial segregation, in schools, public places, and employment.

Integrated Units

Military or organizational units made up of members from multiple racial backgrounds, particularly significant in contexts where segregation was previously practiced.