The Keynesian short-run aggregate supply curve
A) reflects the fact that real GDP is supply-determined.
B) reflects the fact that real GDP does not vary with changes in aggregate demand.
C) is vertical.
D) is horizontal.
D
Economics
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Which of the following occurrences would NOT shift the demand curve for U.S. dollars in the foreign exchange market?
A) an increase in the U.S. exchange rate B) an increase in the expected future U.S. exchange rate C) an increase in U.S. interest rates D) an increase in foreign interest rates
Economics
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Economics