The long-run aggregate supply curve shows the
A. maximum GDP the nation will ever produce.
B. full-employment level of real GDP.
C. level of real GDP associated with a constant price level.
D. level of output at which real GDP equals nominal GDP.
Answer:B
The long-run aggregate supply curve shows the
A. maximum GDP the nation will ever produce. B. full-employment level of real GDP. C. level of real GDP associated with a constant price level. D. level of output at which real GDP equals nominal GDP.