Multiple Choice
According to John Maynard Keynes, which one of the following is true about the supply decisions of firms in the short run?
A) Firms are able to supply more output only at a higher price level.
B) Firms are unable to supply more output at any price level.
C) Firms are able to supply any level of output at a given price level.
D) Firms are unable to supply more output at a lower price level.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Country A and Country B are identical
Q20: When _ wages are sticky, an increase
Q21: An increase in the overall price level
Q22: Which of the following will decrease aggregate
Q23: In the upward-sloping range of the short-run
Q25: According to the interest rate effect, when
Q26: In the upward-sloping range of the short-run
Q27: The real wage of workers increases when
Q28: If the short-run macroeconomic equilibrium occurs in
Q29: Which of the following will decrease aggregate