Author Question: Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate ... (Read 26 times)

a0266361136 · **on:** Jun 30, 2018

Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
a. both the price level and real GDP.
b. only real GDP.
c. only the price level.
d. real GDP and reduce the price level.

Question 2

If the economy is experiencing an inflationary gap, Keynesian economists advocate allowing flexible wages to shift the short-run aggregate supply curve (SRAC) upward and restore full employment.
a. True
b. False
Indicate whether the statement is true or false

hramirez205 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

False

a0266361136 · **Reply #2 on:** Jun 30, 2018

Thank you

hramirez205 · **Reply #3 on:** Jun 30, 2018

Happy to help you

Author Question: Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate ... (Read 26 times)

a0266361136

Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate ...

hramirez205

Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate ...

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a0266361136

Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate ...

hramirez205

Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate ...