According to Keynesian Theory,the SRAS Curve Is Positively Sloped Because

question 4

Multiple Choice

According to Keynesian theory,the SRAS curve is positively sloped because

• A)employers and employees fail to predict prices correctly.
• B)employers and employees have misperception about the change in relative price level.
• C)labour contracts are signed for a period in which labour market conditions are not known.
• D)wages are flexible,but prices are not.

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Definitions:

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts, leading to asset liquidation or reorganization.

Accounting Fees

are the costs incurred by businesses or individuals for the services provided by accountants or accounting firms, which may include audits, financial analysis, and tax preparation.

Indirect Cost

Expenses not directly tied to the production of goods or services but necessary for the operation, such as utilities or administrative salaries.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts.