An Aggregate Supply Curve That Is Always Vertical Is Most

question 100

Multiple Choice

An aggregate supply curve that is always vertical is most consistent with which of the following views of the economy?

• A)Keynesian.
• B)Monetarist.
• C)Supply-side.
• D)Consensus.

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Definitions:

X-axis

The horizontal line on a graph that represents the independent variable.

Vertical

An orientation or direction that goes straight up and down, perpendicular to the horizon.

Gini Coefficient

A gauge for comparing income distribution within a group, starting at 0 for utter equity and peaking at 1 for maximal inequity.

Inequality

Refers to the uneven distribution of resources or opportunities among different groups or individuals within a society.