An aggregate supply curve that is always vertical is most consistent with which of the following views of the economy?
A. Monetarist.
B. Consensus.
C. Keynesian.
D. Supply-side.
Answer: A
You might also like to view...
If real GDP is greater than nominal GDP then the GDP price index
A) is greater than 100. B) is less than 100. C) is equal to 100. D) is either equal to or greater than 100. E) None of the above answers is correct because we need to choose a new base year.
An increase in the US demand for pound causes
a. An appreciation of the pound b. Depreciation in the dollar c. None of the above d. Both a and b
Consumers may benefit more than sellers from a subsidy to sellers if:
A. they deserve the subsidy more. B. the demand curve is relatively more elastic than the supply curve. C. the demand curve is relatively less elastic than the supply curve. D. Consumers can never benefit more than sellers from a subsidy to sellers.
Because deadlines are frequently missed, budgets typically run from year to year based on _____
a. continuing resolutions b. budget resolutions c. congressional suggestions d. the suggestions of the President e. the suggestions of the President's Council of Economic Advisers