Suppose an increase in government spending stimulates real GDP without affecting the price level. What is the relevant range of the aggregate supply curve in this case?

a. The classical range.
b. The intermediate range.
c. The Keynesian range.
d. The monetarist range.


c

Economics

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A tradeoff between inflation and unemployment is shown directly by the __________ curve

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In recent years, the ratio of earnings of the typical U.S. college graduate to the earnings of the typical high school graduate without additional education has

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