The line showing potential GDP is a vertical straight line because
A) it represents the minimum level of real GDP in a recession.
B) when nothing else changes, a higher price level has no effect on real GDP.
C) the aggregate supply curve is upward sloping.
D) economists are unsure about how to determine potential GDP.
E) there is only one level of full employment at any point in time.
E
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The failure of the Argentinean currency board can be attributed to many factors, including the:
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If a firm refuses to hire any minorities due to a personal prejudice, its profits will
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