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Loraine Loraine
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9 years ago
The line showing potential GDP is a vertical straight line because
A) there is only one level of full employment at any point in time.
B) economists are unsure about how to determine potential GDP.
C) it represents the minimum level of real GDP in a recession.
D) when nothing else changes, a higher price level has no effect on real GDP.
E) the aggregate supply curve is upward sloping.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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9 years ago
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