Chapter 9: Aplia Homework: Aggregate Supply and Macroeconomic Equilibrium Back to Assignment Attempts Average/4 3. The slope and position of the long-run aggregate supply curve Which of the following factors will influence the position of the long-run aggregate supply curve? Check all that apply. The level of technological knowledge and entrepreneurship The quantity of physical capital The inflation rate The amount of available natural resources Suppose the economy produces real GDP of $60 billion when unemployment is at its natural rate. On the following graph, use the purple line (diamond symbol) to plot the economy's long-run aggregate supply (LRAS) curve. 132 128 LRAS (?)
Chapter 9: Aplia Homework: Aggregate Supply and Macroeconomic Equilibrium Back to Assignment Attempts Average/4 3. The slope and position of the long-run aggregate supply curve Which of the following factors will influence the position of the long-run aggregate supply curve? Check all that apply. The level of technological knowledge and entrepreneurship The quantity of physical capital The inflation rate The amount of available natural resources Suppose the economy produces real GDP of $60 billion when unemployment is at its natural rate. On the following graph, use the purple line (diamond symbol) to plot the economy's long-run aggregate supply (LRAS) curve. 132 128 LRAS (?)
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Transcribed Image Text:Chapter 9: Aplia Homework: Aggregate Supply and Macroeconomic Equilibrium
Back to Assignment
Attempts
Average/4
3. The slope and position of the long-run aggregate supply curve
Which of the following factors will influence the position of the long-run aggregate supply curve? Check all that apply.
The level of technological knowledge and entrepreneurship
The quantity of physical capital
The inflation rate
The amount of available natural resources
Suppose the economy produces real GDP of $60 billion when unemployment is at its natural rate. On the following graph, use the purple line (diamond
symbol) to plot the economy's long-run aggregate supply (LRAS) curve.
132
128
LRAS
(?)
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