The Level of Real GDP Identified by the Long-Run Aggregate

question 58

Multiple Choice

The level of real GDP identified by the long-run aggregate supply curve is

• A) the full-employment level of real GDP.
• B) the level of GDP at which each business firm is experiencing growth in sales.
• C) the level of GDP at which each industry is experiencing growth in sales.
• D) the level of GDP at which no one is below the poverty line.