Figure 3.1

-With respect to Figure 3.1,the classicists argued that
A)the relevant aggregate supply curve is labeled B.
B)the curves labeled B and G are both relevant during recessions.
C)only the supply curve labeled M is important.
D)None of the above

Question

Figure 3.1

-With respect to Figure 3.1,the classicists argued that
A)the relevant aggregate supply curve is labeled B. 
B)the curves labeled B and G are both relevant during recessions. 
C)only the supply curve labeled M is important. 
D)None of the above

Quizplus · Accepted Answer

The classicists argued that the relevant aggregate supply curve is labeled B, as it represents the long-run trend of the economy.

Figure 3.1 -With Respect to Figure 3.1,the Classicists Argued That