The Keynesian short-run aggregate supply (SRAS) curve is
A. vertical.
B. horizontal.
C. downward sloping.
D. upward sloping.
Answer: B
You might also like to view...
Commercial banks' assets include ________
A. bank deposits of individuals and businesses and bank reserves B. loans to individuals and businesses and government securities C. bank reserves and the deposits in M2 D. government securities and borrowed funds
Economy A: gross investment equals depreciation Economy B: depreciation exceeds gross investment Economy C: gross investment exceeds depreciation Refer to the above information. Positive net investment is occurring in:
a) economy A only. b) economy B only. c) economy C only. d) economies A and B only.
Studies shows that income elasticity of demand for food is
A) less than 1, but greater than 0. B) more than 1, but less than 2. C) less than 0. D) more than 2.
If the U.S. economy adds to the capital stock, this may require a temporary decrease in the amount of present consumption.
a. true b. false