Which of the Following Schools of Thought Reject the Simple

question 83

Multiple Choice

Which of the following schools of thought reject the simple fixed-price model in favor of a model in which the aggregate supply curve is relatively flat at low levels of real GDP and slopes upward as real GDP approaches its potential level?

• A) The new Keynesian
• B) The monetarist
• C) The traditional classical
• D) The new classical
• E) The Marxist

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