A vertical aggregate supply schedule implies that a. real ...

[cnetterville]

A vertical aggregate supply schedule implies that
 
  a. real wages cannot impact output.
  b. unemployment cannot impact output.
  c. aggregate demand is horizontal.
  d. the price level does not impact output.

Question 2

If the economy is in a liquidity trap, then:
 
  a. fiscal policy can still stimulate the economy through lower interest rates.
  b. monetary policy cannot stimulate the economy by lowering interest rates.
  c. the precautionary demand for money is falling.
  d. all of the above.

[kthug]

Answer to Question 1

D

Answer to Question 2

B

[cnetterville]

YES! Correct, THANKS for helping me on my review

[xiaomengxian]

Thanks for the timely response, appreciate it