Multiple Choice
Which is NOT a reason that an aggregate supply curve might slope upward to the right?
A) As production increases,people want to buy less.
B) As production increases,wages are bid up.
C) As production increases,interest rates rise.
D) As prices rise,producers expand output.
Correct Answer:

Verified
Correct Answer:
Verified
Q203: The classical macroeconomic model argues that the
Q204: Keynes believed that for aggregate supply to
Q205: Full employment GDP is the level of
Q206: Suppose the nation is in a recession.As
Q207: The price level rises more rapidly as
Q209: The classical theory of employment held that
Q210: An aggregate demand curve<br>A)Shows various quantities of
Q211: Studies in the last 30 years have
Q212: Keynesian economics finds fault with the classical
Q213: The notion that everything the economy produces