Which of the Following Schools of Thought Reject the Simple

question 42

Multiple Choice

Which of the following schools of thought reject the simple fixed-price model in favor of a model in which the aggregate supply curve is relatively flat at low levels of real GDP and slopes upward as real GDP approaches its potential level?

• A)The new Keynesian economists
• B)The monetarists
• C)The traditional classical economists
• D)The new classical economists
• E)The Marxists

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