Solved

What Is the Slope of the Aggregate Supply Curve,according to Neoclassical

Question 51

Multiple Choice

What is the slope of the aggregate supply curve,according to neoclassical economists?


A) Vertical,because prices tend to be inflexible.
B) Vertical at the capacity level of output in the economy.
C) Horizontal,because wages are flexible.
D) Horizontal,because prices are flexible.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q46: Explain how the substitution effect will affect

Q47: If the economy is at full employment

Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -Refer to the

Q49: The following are aggregate demand and supply

Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -What does macroeconomic

Q52: Which of the following is true of

Q53: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -Refer to the

Q54: What does the real-balances effect mean?<br>A)A higher

Q55: Assume that an economy is at full

Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -Refer to the