Multiple Choice
The Keynesian contention that the short-run aggregate supply curve is horizontal is based on the assumption that there are
A) sticky prices.
B) flexible prices.
C) real prices.
D) upward sloping prices.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q283: Both the long-run and short-run aggregate supply
Q284: What is the major difference between the
Q285: Saving is a leakage from the circular
Q286: A stronger U.S. dollar leads to _
Q287: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q289: What is the shape of the modern
Q290: Demand-pull inflation is<br>A) inflation caused by increases
Q291: Which of the following is NOT an
Q292: Which of the following is NOT an
Q293: The classical model makes little distinction between