The Short-Run Aggregate Supply Curve in Modern Keynesian Analysis Represents

question 193

Multiple Choice

The short-run aggregate supply curve in modern Keynesian analysis represents the relationship between

• A) the real output of goods and services in the economy and the price level.
• B) the real output of goods and services in the economy and the price level when people have fully adjusted their behavior.
• C) the real output of goods and services in the economy and the price level when people have not fully adjusted their behavior.
• D) the nominal output of goods and services and the real output of goods and services.