The Keynesian Portion of the Short-Run Aggregate Supply (SRAS)curve Implies

question 57

Multiple Choice

The Keynesian portion of the short-run aggregate supply (SRAS) curve implies

• A)an upward slope.
• B)no price level changes.
• C)a downward slope.
• D)flexible prices and wages.

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Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired together; a response that is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.

Spontaneous Recovery

The reappearance of a previously extinguished response after a period without exposure to the conditioned stimulus.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Fear

An unpleasant emotional response to perceived threats or danger, characterized by feelings of anxiety and caution.