Refer to the scenario above. Using 2012 as the base year, what is the real GDP of the economy in 2012?

A) $57,500 B) $75,000 C) $45,000 D) $55,000


D

Economics

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Technological advances lead to ________

A) a shift of the short run AS curve up B) a shift of the long run AS curve to the left C) an upward movement along the long run AS curve D) all of the above E) none of the above

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What will be an ideal response?

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What short-run choice does the Phillips curve illustrate?

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Economics