In an AD/AS model, the point where the economy has excess capacity is called the:
A. Keynesian zone of the AS curve
B. intermediate zone of the AS curve
C. neoclassical zone of the AS curve
D. crossing point of the potential GDP line
Answer:A
In an AD/AS model, the point where the economy has excess capacity is called the:
A. Keynesian zone of the AS curve B. intermediate zone of the AS curve C. neoclassical zone of the AS curve D. crossing point of the potential GDP line
Explanation: Type: Multiple Choice