When Potential GDP Increases,long-Run Aggregate Supply Also Increases

question 174

True/False

When potential GDP increases,long-run aggregate supply also increases.

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Definitions:

Time Constraints

The limitations or deadlines that affect how much time can be allocated to a particular task or project.

Analyze the Situation

The process of examining a scenario or problem in detail to understand its components and implications.

Linear

Describes something that is arranged in or extends along a straight or nearly straight line.

Nonlinear

Not following a straight, direct, or sequential path, often referring to narratives, processes, or thinking that jumps around in time or topic.