Multiple Choice
The horizontal portion of the short-run aggregate supply curve in which there is excessive unemployment and unused capacity in the economy is
A) Say's law.
B) the classical short-run aggregate supply curve.
C) the Keynesian short-run aggregate supply curve.
D) exists when prices are flexible.
Correct Answer:

Verified
Correct Answer:
Verified
Q64: The full-employment rate of output can<br>A) be
Q65: According to Keynesian economics, if there are
Q66: Refer to the above figure. Which of
Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -The above figure
Q68: All of the following will shift the
Q70: Suppose we observe the price level increasing
Q71: If the equilibrium level of real GDP
Q72: Which one of the following statements is
Q73: Why is persistent unemployment a possibility in
Q74: After some tornadoes in Alabama, unemployment is