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Author Question: The vertical classical aggregate supply curve reflects that a. money wages adjust proportionally ... (Read 76 times)

HCHenry

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on: Jun 30, 2018
The vertical classical aggregate supply curve reflects that
 
  a. money wages adjust proportionally with the price level.
  b. real wages are always the same.
  c. aggregate output is always the same.
  d. None of the above.
  e. Both b and c.

Question 2

In the Keynesian aggregate expenditure graph (Figure 5-5), the 45 degree line is meant to indicate that:
 
  a. planned aggregate expenditure always equals aggregate income.
  b. savings must equal investment.
  c. actual aggregate expenditure must equal aggregate income.
  d. actual income must equal planned income.
  e. none of the above.


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dpost18

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

A

Answer to Question 2

C


HCHenry

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Reply 2 on: Jun 30, 2018
Excellent

TheDev123

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Reply 3 on: Yesterday
:D TYSM

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