The Keynesian Short-Run Aggregate Supply Curve in the Simplified Keynesian

question 173

Multiple Choice

The Keynesian short-run aggregate supply curve in the simplified Keynesian model is unrealistic because

• A) a vertical curve does not make economic sense.
• B) prices and wages will never decrease.
• C) the classical model is better in explaining how the economy operates.
• D) some price adjustments do take place in the short run.

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Definitions:

Tertiary Consumer

An organism that typically occupies the fourth trophic level in a food web, primarily consuming secondary consumers.

Carnivore

Consumer in a food chain that eats other animals.

Biogeochemical Cycle

A natural process involving the circulation and transformation of chemicals in the Earth's ecosystems.

Food Webs

Complex networks of predators and prey showing the feeding relationships between organisms within an ecosystem.