Multiple Choice
-Refer to the above figure. The classical aggregate supply curve is represented by ________ and the Keynesian short-run aggregate supply curve is represented by ________.
A) curve 2; curve 1
B) curve 2; curve 3
C) curve 3; curve 4
D) curve 2; curve 4
Correct Answer:

Verified
Correct Answer:
Verified
Q35: A congressman states, "If a government attempts
Q36: The original Keynesian economic theory states that<br>A)
Q37: The Keynesian model is basically<br>A) a long-run
Q38: Refer to the above figure. Which point
Q39: The classical model indicates that at the
Q41: According to Say's law<br>A) desired expenditures are
Q42: A new discovery of large volumes of
Q43: In the classical model, changes in interest
Q44: The short-run aggregate supply curve would shift
Q45: In the Keynesian model, to understand the