What variable allows our macroeconomic model to automatically adjust GDP back to full employment level of output (i.e., LRAS or trend GDP)?    Question 45 options:   changes in the money supply   changes in nominal wages   changes in nominal interest rates   changes in the CPI

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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What variable allows our macroeconomic model to automatically adjust GDP back to full employment level of output (i.e., LRAS or trend GDP)? 

 

Question 45 options:

 

changes in the money supply

 

changes in nominal wages

 

changes in nominal interest rates

 

changes in the CPI

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