If workers underestimate inflation, the aggregate supply curve will tend to be

Water is plentiful in most of the world, so its price and total utility are low

a. True b. False Indicate whether the statement is true or false

Keynesians reject the influence of monetary policy on the economy. One argument supporting this Keynesian view is that the:

A. money demand curve is horizontal at any interest rate. B. aggregate demand curve is nearly flat. C. investment demand curve is nearly vertical. D. money demand curve is vertical.