Unlike Keynesians, neo-Keynesian economists believe that the aggregate supply curve is (drawn from left to right)

a. horizontal
b. vertical
c. vertical, downward sloping, horizontal
d. horizontal, vertical
e. horizontal, upward sloping, vertical

E

Economics

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A country has a comparative advantage if it can produce a good or service

A. at a higher opportunity cost than can other nations. B. at a lower opportunity cost than can other nations. C. by using less resources than other nations. D. that lies outside its production possibilities curve.

Economics

According to William Shepard, the growth in competition from 1958 to 1988 in the United States can be attributed to

a. imports, efficient economic regulation, and antitrust activity b. the rise of the global market and inflation c. the fall of communism d. imports, deregulation, and antitrust activity e. exports, deregulation, and technological improvement

Economics