Question

A vertical as curve means that the level of aggregate supply (or potential gdp) will determine the real gdp of the economy, regardless of the level of:______.

Answer 1

A vertical as curve means the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, no matter the level of aggregate demand.

In general, economic process is a condition in which income increases from the emergence of an increase in the production of goods and services. However, this increase in income has not been compared to the expansion in population. this will be seen from the results of improvements in various fields, like technology.

In its development so far, there are various theories of economic growth. This theory itself appears plenty to explain the growth cycle as well as the factors that directly influence an increase in the national economy by experts. Among the various theories that have emerged, here are a number of them:

• Neoclassical Theory
• Classical Theory
• Historical Theory

You can learn more about economic growth here brainly.com/question/16999482

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