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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