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In Which of the Following Economic Theories Is the Short-Run

Question 86

Multiple Choice

In which of the following economic theories is the short-run aggregate supply curve thought to be upward sloping, and the long-run aggregate supply curve thought to be perfectly vertical at the natural rate of unemployment?


A) Supply-side economics.
B) The new classical theory.
C) The new Keynesian theory.
D) All of the above.

Correct Answer:

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