Under Keynesian analysis, aggregate demand can be written as
A) Yad = C + I + G + NX.
B) Yad = C + I + G - NX.
C) Yad = C - I - G - NX.
D) Yad = C + I - G - NX.
A
Economics
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a. True b. False Indicate whether the statement is true or false
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Sticky nominal wages can result in
a. lower profits for firms when the price level is lower than expected. b. a decrease in real wages when the price level is lower than expected. c. a short-run aggregate-supply curve that is vertical. d. a long-run aggregate-supply curve that is upward-sloping.
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