Refer to Figure 3-2. An increase in the price of substitutes in production would be represented by a movement from

Under most circumstances, the application of taxes on goods will only affect who gets the goods

Indicate whether the statement is true or false

In traditional Keynesian economics:

a. the aggregate supply curve is vertical. b. the aggregate supply curve is horizontal. c. the aggregate supply curve is upward-sloping. d. the aggregate demand curve is horizontal. e. the aggregate demand curve is vertical.