Author Question: The short-run aggregate supply curve in modern Keynesian analysis is A) downward sloping. B) ... (Read 111 times)

newyorker26 · **on:** Jun 30, 2018

The short-run aggregate supply curve in modern Keynesian analysis is

A) downward sloping. B) horizontal.
C) vertical. D) upward sloping.

Question 2

A factory in Techland could not sell 20 of its output during a certain year due to a decrease in demand for its product. Which of the following would have happened if it produced 20 less?

A) Techland's GDP would have been higher.
B) Techland's GDP would have been lower.
C) Techland's trade deficit would have been less.
D) Techland's GDP would have remained the same.