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

question 73

Multiple Choice

If the short-run aggregate supply curve is assumed to be horizontal and there are no international capital flows, 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

---

Definitions:

Startup

A newly established business, often in the tech sector, focusing on a unique product or service aiming for rapid growth.

Salesperson

An individual who sells goods or services to customers, aiming to meet their needs and drive company revenue.

Online Sources

Digital or internet-based platforms and tools that provide information, products, or services.

Culturally-Appropriate

Efforts or behaviors that are considered respectful, sensitive, and suitable to the norms, practices, and values of a specific culture.