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Which statement below is NOT true about the LRAS? a.)An outward shift in LRAS will occur at the same rate as growth in the economy.
Which statement below is NOT true about the LRAS?
- a.)An outward shift in LRAS will occur at the same rate as growth in the economy.
- b.)The LRAS remains fixed over time.
- c.)The LRAS represents the maximum output level an economy can sustain given its current resources.
- d.)The LRAS will shift outward if resources allow for a higher sustainable output level.
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
