Which of the following was not part of the neoclassical synthesis?
A) the IS curve
B) the LM curve
C) the Phillips curve
D) aggregate demand
E) rational expectations
E
Economics
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The total product curve shows the relationship between total product and
A) cost. B) the quantity of labor. C) the average product. D) the marginal product. E) the marginal cost.
Economics
When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, the aggregate demand curve
A) slopes upward. B) slopes downward. C) is vertical. D) is horizontal.
Economics