With others in your group, you must correctly identify in which of the 6 types of societies Martin
Guerre lives. Once you have reached a conclusion, as a group you must write up a two paragraph
justification of why you have chosen that partic
1. How is potential GDP related to the price level?
At full employment, real GDP equals potential GDP.
Along the potential GDP line, when the price level changes, the money wage rate and the money prices of other
resources change by the same perc