Macroeconomics: Economic Fluctuations - Economic Fluctuations and the Macroeconomy - Building Aggregate Supply

4 important questions on Macroeconomics: Economic Fluctuations - Economic Fluctuations and the Macroeconomy - Building Aggregate Supply

True or False. Price level does not affect the long run determinants of real GDP.

True

True or False. Long run aggregate supply (LRAS) is a straight line.

True

The long run level of real GDP is known as:

Potential Real GDP
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

What are the 2 synonyms of Potential Real GDP?

  1. Full-Employment Output
  2. Natural Rate of Output

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo