Keynes suggested that the short-run aggregate supply (SRAS) curve
A) is vertical.
B) is horizontal.
C) slopes downward.
D) is not a relevant concept.
B
Economics
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Richard Baldwin's estimate was that the euro increased the trade level of its users by
A) only 5 percent. B) only 9 percent. C) over 30 percent. D) over 50 percent. E) only 12 percent.
Economics
Keynes argued that I. Capitalism did not always lead to full employment. II. Nominal prices were more important than relative prices
A) I only B) II only C) Both I and II D) Neither I nor II
Economics