What three factors affect long-run aggregate supply? A. Natural Resources, Technology, and unemployment B. Resources, technology, and institutions C. Interest rates, inflation, and the quantity of money D. None of the above
What three factors affect long-run aggregate supply? A. Natural Resources, Technology, and unemployment B. Resources, technology, and institutions C. Interest rates, inflation, and the quantity of money D. None of the above
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Aggregate Demand And Aggregate Supply
Section15.2: Explaining Short-run Economic Fluctuations
Problem 2QQ
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Question
What three factors affect long-run
A. Natural Resources, Technology, and
B. Resources, technology, and institutions
C. Interest rates, inflation, and the quantity of money
D. None of the above
Expert Solution
Step 1
In the long run there are three factors that affect aggregate supply.
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