In the neoclassical model, the AS curve shifts to the right over time as_______________________ and potential GDP expands.
A. the macroeconomy adjusts back to real GDP
B. productivity increases
C. the level of real output drops
D. aggregate demand increases
Answer:B
In the neoclassical model, the AS curve shifts to the right over time as_______________________ and potential GDP expands.
A. the macroeconomy adjusts back to real GDP B. productivity increases C. the level of real output drops D. aggregate demand increases
Explanation: Type: Multiple Choice