The Short Run Aggregate Supply Curve Is

question 83

Multiple Choice

The short run aggregate supply curve is

• A)positively sloped in both Keynesian and the classical models.
• B)positively sloped in the Keynesian model,but horizontal in the classical model.
• C)positively sloped in the classical model,but horizontal in the Keynesian model.
• D)horizontal in both Keynesian and the classical models.

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Definitions:

Service Company

A business that provides non-physical goods or services to customers.

Planning Budget

A budget created for a particular level of activity, used as a tool for decision making and performance evaluation.

Employee Salaries And Wages

The compensation paid to employees for their labor, including both fixed salaries and hourly wages.

Supplies Cost

The expense associated with materials and other items necessary for the operation of a business or process.