New Classical Macroeconomists Believe That the Short-Run Aggregate

question 186

Multiple Choice

New classical macroeconomists believe that the short-run aggregate:

• A) supply curve is vertical.
• B) demand curve is vertical.
• C) demand curve has a positive slope.
• D) supply curve is horizontal.

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Definitions:

Percent

A mathematical term referring to a part of a whole expressed in hundredths.

American Stores

Retail outlets or shops located in the United States that sell various goods and services.

Total Merchandise

The complete range of goods that a company has for sale or the cumulative amount of goods sold.

Shoplifted

The act of unlawfully taking goods from a store without making a purchase.