The slope of the AS-curve becomes steeper
A) as nominal wages become more flexible
B) as nominal wages become more rigid
C) as the actual level of output moves further away from potential output
D) as the economy approaches full employment
E) both A and D
Correct Answer:
Verified
Q1: Which of the following is NOT reflected
Q2: Frictional unemployment is defined as
A)all unemployment above
Q4: In the Keynesian aggregate supply curve case,
Q5: The level of GDP that corresponds to
Q6: The AD-AS diagram used in this chapter
A)is
Q7: Which of the following was NOT true
Q8: The Keynesian AS-curve implies that
A)the economy is
Q9: Which of the following is FALSE?
A)the AS-curve
Q10: Assume you mistakenly buried a $100 bill
Q11: Most economists prior to Keynes thought that
A)unemployment
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