A vertical line showing the economy's potential is called the:
A. long-run aggregate supply line.
B. short-run aggregate supply line.
C. short-run equilibrium output line.
D. aggregate demand curve.
Answer: A
You might also like to view...
When you make the decision to spend your time attending class, which economic question are you answering?
A) Why? B) What? C) How? D) Is this in the social interest? E) For whom?
In general, the costs tariffs and quotas impose on consumers are
A) large in total and large per person. B) small in total but relatively large per person. C) large in total but relatively small per person. D) small in total and small per person.
Within the U.S. population, women of prime working age (ages 25-54) have similar rates of labor-force participation than men of prime working age (ages 25-54), regardless of race
a. True b. False Indicate whether the statement is true or false
Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as "unemployed"?
a. anyone who is not employed b. anyone who is not employed, is available for work, and has looked for work in the past four weeks c. anyone who is not employed, is available for work, has looked for work in the past four weeks, and anyone who is waiting to be recalled from a job from which they have been laid off d. anyone who is not employed, is available for work, has looked for work in the past four weeks, anyone who is waiting to be recalled from a job from which they have been laid off, and anyone who is employed part time and has searched for full time employment in the past 4 weeks