According to Keynesians,which of the Following Statements Is Correct

question 165

Multiple Choice

According to Keynesians,which of the following statements is correct?

• A)The AD curve is horizontal but the AS is upward sloping.
• B)The AD curve is vertical but the AS is upward sloping.
• C)The AS is horizontal but the AD is downward sloping.
• D)The AS is vertical but the AD is upward sloping.

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Definitions:

Probability Distribution

A function in mathematics that supplies the likelihoods of various potential outcomes of an experiment.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in statistics and finance to measure risk or volatility.

Variance

A statistical measure of the dispersion or spread of a set of data points, indicating how much the numbers in the data set deviate from the mean.

Coefficient of Variation

A measure indicating the relative variability of a data set by dividing the standard deviation by the mean, often used to assess risks or volatility in finance.