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Which of the Following Schools of Thought Reject the Simple

Question 83

Multiple Choice

Which of the following schools of thought reject the simple fixed-price model in favor of a model in which the aggregate supply curve is relatively flat at low levels of real GDP and slopes upward as real GDP approaches its potential level?


A) The new Keynesian
B) The monetarist
C) The traditional classical
D) The new classical
E) The Marxist

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