Which of the Following Is FALSE

question 18

Multiple Choice

Which of the following is FALSE?

• A)the AS-curve is horizontal in the Keynesian case
• B)the AS-curve is vertical in the classical case
• C)the AS-curve is upward sloping in the medium run
• D)the AS-curve is more price elastic in the long run than in the short run
• E)none of the above

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Definitions:

Spatial Orientation

An individual's ability to recognize themselves or objects in relation to environment, direction, and position in space.

Numeric Ability

The capacity to understand, manipulate, and interpret numbers and mathematical concepts.

Warner Schaie

An American psychologist known for his research on adult development and aging, particularly his work on the Seattle Longitudinal Study which investigates cognitive changes across the lifespan.

Procedural Memory

A type of long-term memory that encompasses the skills and routines that are performed automatically or without conscious thought, such as riding a bike or tying shoelaces.