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23 Nov 2019

The ________ suggests that when real GDP equals potential GDP, quantity of money increases and brings equal percentage in the price level.

velocity of circulation, equation of exchange or quantity theory of money

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4 Jan 2019
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Related questions

Long-run macroeconomic equilibrium​ ______.

A. comes about because the real wage rate adjusts.

B. occurs, when the quantity of real GDP demanded, equals the quantity of real GDP​ supplied, at the point of intersection of the AD curve and the SAS curve.

C. occurs when real GDP equals potential​ GDP, and the LAS​, SAS​, and AD curves intersect.

D. occurs when real GDP equals potential GDP and the money wage rate equals the real wage rate.

 

 

Long-run macroeconomic equilibrium​ ______.

A. comes about because the real wage rate adjusts.

B. occurs, when the quantity of real GDP demanded, equals the quantity of real GDP​ supplied, at the point of intersection of the AD curve and the SAS curve.

C. occurs when real GDP equals potential​ GDP, and the LAS​, SAS​, and AD curves intersect.

D. occurs when real GDP equals potential GDP and the money wage rate equals the real wage rate.

 

 

​Long-run macroeconomic equilibrium​ ______.

A. comes about because the real wage rate adjusts.

B. occurs, when the quantity of real GDP demanded, equals the quantity of real GDP​ supplied, at the point of intersection of the AD curve and the SAS curve.

C. occurs when real GDP equals potential​ GDP, and the LAS​, SAS​, and AD curves intersect.

D. occurs when real GDP equals potential GDP and the money wage rate equals the real wage rate.

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