According to the monetarist view, the aggregate supply curve is:
A. Horizontal until full employment is reached and then it becomes vertical.
B. Horizontal at all levels of output.
C. Vertical at the natural rate of unemployment.
D. First horizontal, then upward sloping, and finally vertical.
C. Vertical at the natural rate of unemployment.
Economics
You might also like to view...
"If the price of crude oil falls, the demand for gasoline will increase, so people will by more gas and the price of gas will go up." Is this statement true or false? Explain
What will be an ideal response?
Economics
Which of the following best describes the goal of economic efficiency?
(A) Making the most of resources. (B) Achieving full employment. (C) Assurance that goods and services will be available. (D) Fair distribution of wealth.
Economics