Refer to the above graph. The long-run aggregate supply curve would be represented by which line?
A. 1
B. 2
C. 3
D. 4
Answer: D
You might also like to view...
Use the following diagram to answer the next question. 
The diagram illustrates the pattern of
A. wage movements over time. B. business cycles. C. price level movements. D. economic growth patterns.
In many corporations, there is "separation of ownership from control." What does this mean?
A) The board of directors controls corporate operations, although the managers of the corporation own the corporation. B) Top corporate managers only make decisions that have been approved unanimously by shareholders. C) The shareholders control the corporation, although the board of directors owns the corporation. D) The managers of the corporation run the corporation, although the shareholders own the corporation.
Which of the following changes will shift the money demand curve leftward?
a. An increase in the price level b. An increase in real GDP c. A decrease in the nominal interest rate d. An increase in the nominal interest rate e. A decrease in real GDP
Our economy is always tending towards full employment according to
A. John Maynard Keynes. B. the classical economists. C. both Keynes and the classicals. D. neither Keynes nor the classicals.