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Actual real gdp - PowerPoint PPT Presentation

5. The U.S. economy has always experienced steady economic, price stability, and full employment.

1. The more useful of the two definitions of economic growth for comparing living standards across economies is an increase in real GDP per capita.

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Chapter 10: Real GDP and the Price Level in the Long Run

Chapter 10: Real GDP and the Price Level in the Long Run. All of the following would shift the LRAS curve to the right EXCEPT. an increase in the size of the labor force. a net inflow of human capital. an increase in the overall price level. an improvement in technology.

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Actual real gdp - PowerPoint PPT Presentation

5. The U.S. economy has always experienced steady economic, price stability, and full employment.

Chapter 10: Real GDP and the Price Level in the Long Run