Answered: In the long run, real GDP will O be…

In the long run, real GDP will O be close to or the consumer price index. O be close to or on the horizontal part of the AS curve. be close to or at its potential GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In the long run, real GDP will
Obe close to or the consumer price index.
Obe close to or on the horizontal part of the AS curve
be close to or at its potential GDP

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