If the Short-Run Aggregate Supply Curve Is Assumed to Be

question 14

Multiple Choice

If the short-run aggregate supply curve is assumed to be horizontal and money demand is proportional to income,then the big,comprehensive model corresponds to which of the following special cases?

• A) classical closed economy
• B) aggregate demand and aggregate supply
• C) IS-LM model
• D) Mundell-Fleming with floating exchange rate

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Definitions:

Group Development

The stages groups go through as they progress from their formation to achieving their objectives, including forming, storming, norming, performing, and adjourning.

Forming

The initial stage of team development where members meet, form initial impressions, and establish team norms and structures.

Norming

is a stage in team development where members resolve their differences, appreciate colleagues' strengths, and establish norms and cohesiveness.

Performing

The fourth stage of group development, characterized by high levels of productivity, cohesion, and effective functioning towards achieving goals.