a. True b. False Indicate whether the statement is true or false
False
The short-run aggregate supply curve in modern Keynesian analysis is
A) downward sloping. B) horizontal. C) vertical. D) upward sloping.
If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price?
A) 14 B) 42 C) 12.67 D) 38
