Question
How is long-term growth illustrated in an AD/AS model? A. Long term growth is shown by the decrease of potential GDP, represented by a vertical
How is long-term growth illustrated in an AD/AS model?
A. Long term growth is shown by the decrease of potential GDP, represented by a vertical line.
B. Long term growth is shown by the decrease of Real GDP represented by a horizontal line.
C. Long term growth is shown by the increase of potential GDP, represented by a horizontal line.
D. Long term growth is shown by the increase of potential GDP, represented by a vertical line.
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The detailed answer for the above question is provided below The correct answer is D Long term growt...
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Applied Regression Analysis And Other Multivariable Methods
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
5th Edition
1285051084, 978-1285963754, 128596375X, 978-1285051086
