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What does the Keynesian portion of the short-run aggregate supply curve imply?
 
A) An upward slope
B) No price level changes
C) A downward slope.
D) Flexible prices and wages

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Joshua Stredder
Joshua StredderLv10
30 Sep 2020
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Related questions

The upward slope of the short-run aggregate supply curve is based on the assumption that:

A. Wages and other resource prices do not respond to price level changes.

B. Wages and other resource prices do respond to price level changes.

C. Prices of output do not respond to price level changes.

D. Prices of inputs are flexible while prices of outputs are fixed.

The short-run aggregate supply curve is upward sloping because:

A. wages and other resource prices match changes in the price level.

B. the price level is flexible upward but inflexible downward.

C. per-unit production costs rise as the economy moves toward and beyond its full-employment real output.

D. wages and other resource prices are flexible upward but inflexible downward.

The aggregate supply curve (short-run) is upsloping because

A. wages and other resource prices match changes in the price level.
B. the price level is flexible upward but inflexible downward.
C. per-unit production costs rise as the economy moves toward and beyond its full-employment real output.
D. wages and other resource prices are flexible upward but inflexible downward.

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