In the Keynesian Model

question 6

Multiple Choice

In the Keynesian model,

• A)the short-run aggregate supply slopes upward because of price misperception by firms.
• B)the short-run aggregate supply slopes upward because the actual price may be different from the expected price during the term of wage contract.
• C)the short-run aggregate supply is horizontal because of price misperception by firms.
• D)the short-run aggregate supply is horizontal because the actual price may be different from the expected price during the term of wage contract.

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