Long-run aggregate supply curve corresponds to
A. the economy inside its production possibilities curve.
B. real GDP when the economy is above full employment.
C. the economy outside its production possibilities curve.
D. real GDP when the economy is at full employment.
Answer: D
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An ambientstandard
a. specifies a pollution limit and lets polluters choose the technology to achieve that limit b. designates the equipment or control method that must be used to abate pollution c. assures that the least-cost abatement approach will be used by all polluters d. none of the above
Samantha goes to college to become an engineer. This is an example of an
A) investment in physical capital. B) investment in human capital. C) increase in entrepreneurship D) increase in labor.
Traveler's checks are included in:
A. M1 only. B. M2 only. C. both M1 and M2. D. neither M1 nor M2.
The median voter rule says that the government will make choices that reflect the preferences of the voters whose preferences are held by at least 51% of the voters.
Answer the following statement true (T) or false (F)