In the Keynesian range, the:
a. Aggregate supply curve is vertical.
b. Aggregate supply curve is horizontal.
c. Aggregate demand curve is vertical.
d. Aggregate demand curve is horizontal.
e. Aggregate demand is downward-sloping.
.B
You might also like to view...
The unemployment rate is found by dividing the number of unemployed people by the
A) number of working individuals, and multiplying by 100. B) number of the working-age population, and multiplying by 100. C) sum of working individuals plus unemployed workers, and multiplying by 100. D) number in the labor force, and dividing by 100.
A decrease in the excess reserves banks want to hold, together with people taking currency out of their demand deposit accounts, would: a. increase the money supply
b. decrease the money supply. c. leave the money supply unchanged. d. have an indeterminate effect on the money supply.