Which of the following is NOT true of an aggregate demand and aggregate supply graph that is drawn to represent the Keynesian perspective?
A) The aggregate demand curve has a negative slope.
B) If output is below the natural rate, changes in demand affect both output and price.
C) Output is determined primarily by shifts in the aggregate demand curve.
D) If output is below the natural rate, the price level remains steady when the aggregate demand curve shifts.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is NOT true of an aggregate demand and aggregate supply graph that is drawn to represent the Keynesian perspective?
A) The aggregate demand curve has a negative slope.
B) If output is below the natural rate, changes in demand affect both output and price.
C) Output is determined primarily by shifts in the aggregate demand curve.
D) If output is below the natural rate, the price level remains steady when the aggregate demand curve shifts.

Which of the Following Is NOT True of an Aggregate