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Author Question: According to new classical school of economics, the aggregate supply curve is: a. horizontal in ... (Read 107 times)

lindiwe

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on: Jun 30, 2018
According to new classical school of economics, the aggregate supply curve is:
 a. horizontal in both the short run and the long run.
  b. vertical in the short run and upward-sloping in the long run.
  c. upward-sloping in both the short run and the long run.
  d. vertical in both the short run and the long run.
  e. upward-sloping in the short run and vertical in the long run.

Question 2

A perfectly elastic supply curve is:
 a. upward sloping to the right.
 b. downward sloping to the left.
  c. horizontal.
 d. vertical.


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fauacakatahaias

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

c


lindiwe

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

phuda

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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