Question: If potential GDP increases, Question 1 Select one: a. a movement occurs up along the LAS curve. b. the money wage rate rises. c. the
If potential GDP increases, Question 1 Select one: a. a movement occurs up along the LAS curve. b. the money wage rate rises. c. the SAS curve does not shift but a movement occurs up along the SAS curve. d. short-run aggregate supply increases. e. short-run aggregate supply is unchanged
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
