Long-Run Aggregate Supply Curve in the Classical Model

question 350

Multiple Choice

Long-run aggregate supply curve in the classical model

• A) is the level of real GDP corresponding to 100 percent labor force participation.
• B) is the level of real GDP corresponding to the natural rate of unemployment.
• C) is a downward sloping line.
• D) is determined by the capital stock of the economy, not the labor force.

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