Keynesian belief that the aggregate supply curve is relatively flat in the short run means that they expect their policies to cause
a. small increases in output and much inflation.
b. small increases in output and little inflation.
c. large increases in output and little inflation.
d. large increases in output and much inflation.
c
Economics
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Which of the following is NOT a component of private investment, for purposes of GDP accounting?
A) additions to firms' stock of inventories B) newly produced housing C) newly built factories D) purchases by firms of used machinery
Economics
The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) equals: a. 0.5
b. the multiplier. c. the slope of the consumption function. d. 1.0. e. the slope of the saving function.
Economics