Figure 3-22
a
You might also like to view...
The federal income tax on wages is the largest source of revenue for the federal government
Indicate whether the statement is true or false
Classical growth theory predicts that increases in
A) competition increase economic growth. B) real GDP per person are temporary and not sustainable. C) resources permanently increase real GDP per person. D) real GDP per person are permanent and sustainable. E) resources permanently increase labor productivity.
What are the costs of capital mobility?
What will be an ideal response?
If an economy's actual GDP exceeds its potential GDP, _____
a. wages and prices must fall b. self-correcting forces will shift the SRAS curve to the left c. self-correcting forces will shift the AD curve to the left d. inflation will occur when AD shifts to the left e. unemployment is likely to be unusually high