According to New Classical School of Economics, the Aggregate Supply

question 79

Multiple Choice

According to new classical school of economics, the aggregate supply curve is:

• A)horizontal in both the short run and the long run.
• B)vertical in the short run and upward-sloping in the long run.
• C)upward-sloping in both the short run and the long run.
• D)vertical in both the short run and the long run.
• E)upward-sloping in the short run and vertical in the long run.

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Definitions:

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A class of drugs that increase brain activity, leading to increased alertness, attention, and energy.

Delta-Wave

A type of high amplitude brain wave that is associated with deep sleep and is found in the human EEG (electroencephalogram).

Snoring

The sound produced by vibrations of the soft tissues in the throat and airway during sleep.

Older

Pertaining to a later stage or time, often used in the context of age or experience.