Along the Keynesian range of the aggregate supply curve, higher aggregate demand fails to stimulate output and only causes inflation.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which one of the following people would not be considered a part of the labor force?
a. A steel worker who was laid off last week and is seeking work.
b. A steel worker who was laid off last year and is no longer seeking work.
c. A student who also works part-time.
d. A member of the U.S. Navy.
e. A retired college professor paid to teach a summer course.
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