In the neoclassic model, economic growth over time shifts potential GDP and the ______________ gradually to the right.
A. vertical AS curve
B. vertical AD curve
C. vertical Phillips curve
D. 45 degree AD curve
Answer:A
In the neoclassic model, economic growth over time shifts potential GDP and the ______________ gradually to the right.
A. vertical AS curve B. vertical AD curve C. vertical Phillips curve D. 45 degree AD curve
Explanation: Type: Multiple Choice