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The horizontal portion of the short-run aggregate supply curve reflects the Keynesian assu

The horizontal portion of the short-run aggregate supply curve reflects the Keynesian assu

The horizontal portion of the short-run aggregate supply curve reflects the Keynesian assumption of "sticky" prices.

80) The level of potential GDP does not change because the factors determining potential output are fixed in the short run.

81) The long-run aggregate supply curve is influenced by the price level.

82) An increase in resources available would decrease potential GDP and the long-run aggregate supply curve.

83) Increases in resources and efficiency would increase potential GDP.

84) Manufacturing, employment, monetary, and consumer expectations statistics are examples of lagging indicators.

85) Economic variables that tend to move in tandem with the overall phases of the business cycle are called leading indicators.

86) Business debt is an example of a lagging indicator.

87) Industrial production is an example of a coincident indicator.

 

Abhinav 07-Dec-2019

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