Problem
1. What determines how much real GDP responds to changes in the price level along the short-run aggregate supply curve?
2. At a point along the short-run aggregate supply curve that is to the right of the point where it crosses the long-run aggregate supply curve, what must be true of the unemployment rate relative to the long-run, full-employment rate of unemployment? Why?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.