Which One of the Following Statements Is TRUE

question 7

Multiple Choice

Which one of the following statements is TRUE?

• A)Keynes treated short-run macroeconomics as a minor issue.
• B)Keynes emphasized the short-run effects of shifts in aggregate demand on aggregate output, employment, and prices, whereas the classical economists focused on the long-run determination of the aggregate price level.
• C)The classical economists believed that the short-run aggregate supply curve was upward sloping.
• D)The classical economists emphasized the short-run effects of shifts in aggregate demand on aggregate output, whereas Keynes focused on the long-run determination of the aggregate price level.

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Definitions:

Hematocrit

Hematocrit is a measure of the volume percentage of red blood cells in the blood, used in diagnosing and monitoring various medical conditions.

Blood Viscosity

A measurement of the resistance of blood to flow, which can affect blood pressure and circulation, influenced by factors such as hematocrit and plasma protein levels.

Respiratory Pump

A mechanism involving the muscles of the thorax and abdomen, which helps in moving air in and out of the lungs during breathing.

Diaphragm

a large, dome-shaped muscle located at the base of the lungs that plays a crucial role in breathing.