ECO 372T University of Phoenix Week 3 Macro Economics Discussion
Question Description
I’m working on a macro economics discussion question and need an explanation and answer to help me learn.
The AS curve is a bit more complicated. Classical economists suggest that the aggregate supply is fixed at the natural unemployment level of GDP in the long run. Hence, without any supply side shocks, the GDP should be quite stable. Will there be any exceptions on this? Why or why not?
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