If the Short-Run Aggregate Supply Curve Is Assumed to Be

question 21

Multiple Choice

If the short-run aggregate supply curve is assumed to be horizontal and money demand is proportional to income, then the big, comprehensive model in the appendix to Chapter 14 corresponds to which of the following special cases?

• A)classical closed economy
• B)aggregate demand and aggregate supply
• C)IS-LM model
• D)Mundell-Fleming model with floating exchange rate

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Definitions:

Wing Lengths

The measurement of the distance from the tip of one wing to the tip of the other wing in flying organisms, often used in studies of evolution, migration, and species identification.

Bat Population

Refers to the number of individual bats within a specific area or globally, often used to study conservation status and ecological impact.

Earth's Distance

Refers to the distance from the Earth to another object in space, commonly measured in units like light-years, astronomical units, or miles/kilometers.

Evolution Of Life

The process through which living organisms have developed and diversified from earlier forms during the history of the earth.