Which of the following is true? OA. Potential GDP decreases as the price level increases. OB. The potential GDP line has a negative slope. OC. Aggregate supply is another name for potential GDP. OD. At full employment, aggregate supply is equal to potential GDP. O E. Potential GDP increases as the price level increases.

Which of the following is true? OA. Potential GDP decreases as the price level increases. OB. The potential GDP line has a negative slope. OC. Aggregate supply is another name for potential GDP. OD. At full employment, aggregate supply is equal to potential GDP. O E. Potential GDP increases as the price level increases.

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter33: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 5PA

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