QUESTION 21In the Keynesian model, the assumption of a horizontal short-run aggregate supply curve leads to the following conclusion:real values are always greater than nominal values.nominal values are always greater than real values.real values are identical to nominal values. .the price level fluxuates randomly around its average value.

The Classical economist assumes that the aggregate supply curve is vertical implying that the…

QUESTION 21 in the Keynesian model, the assumption of a horizontal short-run aggregate supply curve leads to the following conclusion: O real values are always greater than nominal values. O nominal values are always greater than real values. O real values are identical to nominal values. O the price level fluxuates randomly around its average value.

QUESTION 21 in the Keynesian model, the assumption of a horizontal short-run aggregate supply curve leads to the following conclusion: O real values are always greater than nominal values. O nominal values are always greater than real values. O real values are identical to nominal values. O the price level fluxuates randomly around its average value.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter10: Aggregate Demand And Supply

Section10.A: The Self Correcting Aggregate Demand And Supply Model

Problem 11SQ

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