The horizontal portion of the short-run aggregate supply curve in which there is excessive unemployment and unused capacity in the economy is
A. the classical short-run aggregate supply curve.
B. Say's law.
C. exists when prices are flexible.
D. the Keynesian short-run aggregate supply curve.
Answer: D
Economics
You might also like to view...
What can a union do in order to raise the wages of its members?
What will be an ideal response?
Economics
All or part of a firm's profits may be paid out to the firm's stockholders in the form of
a. retained earnings. b. dividends. c. interest payments. d. capital accounts.
Economics
Refer to the graph below.
Which of the shifts explains what would happen to the production possibility curve if restrictions were imposed on tuna fishing?
A. I B. II C. III D. IV
Economics
What is a monopsony and why is a monopsony able to pay a lower wage rate than a firm in a competitive labor market?
What will be an ideal response?
Economics