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:

Logos

The principle of reason and judgment, often associated with persuasive communication.

Pathos

One of the three modes of persuasion in rhetoric (alongside ethos and logos), appealing to the audience's emotions.

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and the emotions of others in a productive and empathetic way.

Self-Management

Relates to the ability to control disruptive emotions and impulses.