Multiple Choice
In the Keynesian model with both a variable price level and money wage,the aggregate supply function will be
A) upward sloping but flatter than for the variable-price/fixed-wage version of the model.
B) upward sloping but steeper than for the variable-wage/fixed-price version of the model.
C) vertical.
D) horizontal.
Correct Answer:
Verified
Correct Answer:
Verified
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