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

question 14

Multiple Choice

If the short-run aggregate supply curve is assumed to be horizontal and international capital flows are infinitely elastic, 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:

PhD's

Advanced academic degrees awarded by universities, typically representing the highest level of formal education or research ability in a specific field or discipline.

Early 21st Century

The initial decades of the 21st century, marked by rapid technological advancements, globalization, and significant social and political changes.

Immigration Reform

Legislative efforts to change or improve laws and policies governing immigrants and immigration to a country.

U.S. Senate

The U.S. Senate is one of the two chambers of the United States Congress, comprising representatives from each state who serve six-year terms, with the role of creating and passing federal laws.