If Keynesians Acknowledge That There Does Exist a Vertical Aggregate

question 46

Essay

If Keynesians acknowledge that there does exist a vertical aggregate supply curve in the long-run,then,does that invalidate their belief in the use of monetary and fiscal policy to stabilize output? Explain.

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Definitions:

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and to their environments.

Foreign Solders

Likely intended as "Foreign Soldiers," which refers to military personnel from one country serving in foreign lands.

Damaged Property

Property that has been harmed or destroyed as a result of an accident, vandalism, or natural disaster.

Culture Of Rape

A social environment in which attitudes, norms, and practices normalize, excuse, tolerate, or even condone rape and sexual assault.