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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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