Which event does not affect the long-run level of real GDP ? The available knowledge and skills in the economy increases. O A severe hurricane destroyed factories. O The country experiences widespread technological advancements. O Firms and workers expect the price level to rise.

Which event does not affect the long-run level of real GDP ? The available knowledge and skills in the economy increases. O A severe hurricane destroyed factories. O The country experiences widespread technological advancements. O Firms and workers expect the price level to rise.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

Problem 7SCQ: How would a dramatic increase in the value of the stock market shift the AD curve? What effect would...

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Question

Which event does not affect the long-run level of real GDP ?
O The available knowledge and skills in the economy increases.
O A severe hurricane destroyed factories.
O The country experiences widesprcad technological advancements.
O Firms and workers expect the price level to rise.

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