Which of the following is characteristic of the Keynesian region of the aggregate supply curve?
a. The aggregate supply curve is vertical.
b. RGDP is completely determined by aggregate demand.
c. Wages and prices are flexible in the short run.
d. Real values and nominal values are not equal.
b. RGDP is completely determined by aggregate demand.
Economics
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Why is GDP only an imperfect valid measure of the value of output produced by an economy?
What will be an ideal response?
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All of the following are part of M2 except one. Which is the exception?
a. Money market deposit accounts b. Coins c. Traveler's checks d. Large-denomination time deposits e. Savings deposits
Economics