The long-run aggregate supply curve intersects the horizontal axis at the:
A. actual rate of inflation.
B. potential level of output.
C. expected rate of inflation.
D. current level of output.
Answer: B
Economics
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A) increasing labor force participation. B) investment in human capital. C) investment in physical capital. D) technological change.
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The downfall of the fooling model is that it assumes an implausibly ________ level of perception about price on the part of ________
A) high, firms B) high, workers C) low, firms D) low, workers
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What will be an ideal response?
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