What Is the Underlying Assumption of the Original, Simplified Keynesian

question 141

Multiple Choice

What is the underlying assumption of the original, simplified Keynesian model?

• A) The relevant range of the short-run aggregate supply curve (SRAS) is vertical.
• B) The relevant range of the aggregate supply curve (AS) is vertical.
• C) The relevant range of the short-run aggregate supply curve (SRAS) is horizontal.
• D) The relevant range of the long-run aggregate supply curve (LRAS) is horizontal.

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Definitions:

Vision

The capability to understand the nearby surroundings through light in the visible spectrum that is reflected off of objects in the area.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell.

Feature Detectors

Neurons in the brain that identify specific characteristics of a stimulus, such as angles or movement.

Visual Cortex

The part of the cerebral cortex responsible for processing visual information, located in the back of the brain.