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:

Genetic Code

The set of rules by which information encoded in genetic material (DNA or RNA sequences) is translated into proteins by living cells.

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time who have developed from two different eggs fertilized by two different sperm.

Secondary Sexual Characteristics

Physical traits that are not directly involved in reproduction but distinguish the two sexes, such as breast development in females and facial hair in males.

Hormones

Hormones are chemical messengers produced by the endocrine glands that regulate various functions in the body, from growth and metabolism to mood and reproduction.