Author Question: Keynes argued that because of sticky prices and wages A) the short-run aggregate supply curve ... (Read 84 times)

penza · **on:** Jun 29, 2018

Keynes argued that because of sticky prices and wages

A) the short-run aggregate supply curve could be horizontal.
B) the short-run aggregate supply curve is probably vertical.
C) the long-run aggregate supply curve slopes downward.
D) the aggregate demand curve is vertical.

Question 2

Proponents of the new growth theory argue that which of the following is a determinant of economic growth?

A) An effective system of patent protection
B) The quality and size of the nation's educational system
C) The proportion of income that goes into research and development
D) All of the above