Long-run aggregate supply curve in the classical model

A. is the level of real GDP corresponding to 100 percent labor force participation.
B. is the level of real GDP corresponding to the natural rate of unemployment.
C. is determined by the capital stock of the economy, not the labor force.
D. is a downward sloping line.


Answer: B

Economics

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Which of the following is not true of employers who discriminate in a competitive market?

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In the graph shown, which of the world supply curves is associated with a trade balance?

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