An aggregate supply curve that is always vertical is most consistent with which of the following views of the economy?
A)Keynesian.
B)Monetarist.
C)Supply-side.
D)Consensus.

Question

Quizplus · Accepted Answer

Monetarist economics, associated with Milton Friedman, posits that in the long run, the aggregate supply curve is vertical, indicating that the quantity of goods and services supplied is independent of the price level. This reflects the view that in the long run, the economy's output is determined by factors such as technology and resources, not by the price level.

An Aggregate Supply Curve That Is Always Vertical Is Most