In the IS-LM Model,the Implicit Assumption Made About Aggregate Supply

question 48

Multiple Choice

In the IS-LM model,the implicit assumption made about aggregate supply was that the

• A)aggregate supply schedule was vertical because prices were flexible.
• B)aggregate supply schedule was horizontal because prices were fixed.
• C)aggregate supply schedule was upward sloping to the right because wages and prices were fixed.
• D)supply of output was fixed.
• E)none of the above.

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Definitions:

Binge Eating

The consumption of large quantities of food in a short period of time, often associated with a feeling of loss of control over eating.

Anorexia Nervosa

An eating disorder characterized by an abnormally low body weight, an intense fear of gaining weight, and a distorted perception of body weight or shape.

Body Image

A person's perception of the aesthetics or sexual attractiveness of their own body, which may or may not align with societal standards.

Bulimic

Refers to an individual suffering from bulimia, an eating disorder characterized by episodes of binge eating followed by behaviors to prevent weight gain.