Multiple Choice
Which of the following schools of thought reject the simple fixed-price model in favor of a model in which the aggregate supply curve is relatively flat at low levels of real GDP and slopes upward as real GDP approaches its potential level?
A) The new Keynesian economists
B) The monetarists
C) The traditional classical economists
D) The new classical economists
E) The Marxists
Correct Answer:

Verified
Correct Answer:
Verified
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