Question: Need help with question Fill in the blanks to make the followirg statements con'ect. a. In the long run, total output is determined only by
Need help with question

Fill in the blanks to make the followirg statements con'ect. a. In the long run, total output is determined only by potential output _ In the long run, aggregate demand determines the b. Pem'ianent increases in real GDP are possible only.r if E] is increasing. e. Suppose illiteracy in Canada were eliminated, and the school dropout rate was reduced to zero. The effect would be a permanent E] in productivity and E in potential output. d. A reduction in corporate income tax is likely to make E more attractive and thus shift the curve to the right. The result is in the shortrun level of real GDP. In the long run the greater rate of by rms will lead to a greater level of
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