If Potential GDP Is Equal to $600 Billion,what Does the Long-Run

question 41

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.

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Definitions:

Sales Promotions

Short-term incentives designed to encourage the purchase or sale of a product or service.

Social Media

Social media encompasses the websites and applications that enable users to create and share content or to participate in social networking, fostering communication and information sharing.

Encoding

In communication, the process of converting a message into symbols or signals that can be understood by the receiver.

Decoding

The process by which a receiver interprets and gives meaning to a message that has been communicated.