Author Question: In the Keynesian model in which the Keynesian short-run aggregate supply curve exists A) the ... (Read 409 times)

khang · **on:** Jun 29, 2018

In the Keynesian model in which the Keynesian short-run aggregate supply curve exists

A) the short-run aggregate supply curve determines real GDP.
B) the aggregate demand curve determines the price level.
C) unemployment cannot persist for long periods of time.
D) aggregate demand determines real GDP per year.

Question 2

The unemployment rate reported by the Bureau of Labor Statistics includes all of the following type of unemployment with the exception of

A) frictional unemployment.
B) structural unemployment.
C) hidden unemployment.
D) cyclical unemployment.