The Pre-Keynesian or Classical Economic Theory Viewed the Long-Run Aggregate

Multiple Choice

The pre-Keynesian or classical economic theory viewed the long-run aggregate supply curve for the economy to be:

A) horizontal at the full-employment level of real GDP.
B) positively sloped at the full-employment level of real GDP.
C) vertical at the full-employment level of real GDP.
D) backward bending at the full-employment level of real GDP.
E) downward sloping at all ranges of output.