Long-run aggregate supply curve in the classical model A) is a downwa
Long-run aggregate supply curve in the classical model
A) is a downward sloping line.
B) is the level of real GDP corresponding to 100 percent labor force participation.
C) is the level of real GDP corresponding to the natural rate of unemployment.
D) is determined by the capital stock of the economy, not the labor force.
ANSWER
C
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