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:

Active Immune Response

The body's defense mechanism that is activated by exposure to pathogens, involving the production of antibodies and memory cells.

Low pH

A measurement indicating that a solution is acidic, having a pH value less than 7.

Pathogens

Microorganisms that cause disease in their host, including viruses, bacteria, fungi, and parasites.

Cytokine Stimulation

The process of activating cells by cytokines, which are signaling molecules that mediate and regulate immunity, inflammation, and hematopoiesis.