Multiple Choice
Which of the following is FALSE?
A) the AS-curve is horizontal in the Keynesian case
B) the AS-curve is vertical in the classical case
C) the AS-curve is upward sloping in the medium run
D) the AS-curve is more price elastic in the long run than in the short run
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: The AS-curve is horizontal or very flat
Q14: The AD-curve has a negative slope since<br>A)firms
Q15: A shift of the AD-curve to the
Q16: In the Keynesian aggregate supply curve case,
Q17: A large decrease in the income tax
Q19: Expansionary fiscal policy is very effective in
Q20: In the medium run, if government purchases
Q21: A shift of the AD-curve to the
Q22: If nominal GDP is $12,600 billion and
Q23: A decrease in real money supply caused