MCQOPTIONS
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| 1. |
According to the simple Keynesian view the aggregate supply curve is ? |
| A. | downward sloping over all levels of output |
| B. | upward sloping over all levels of output |
| C. | horizontal until it reaches full capacity and then becomes vertical |
| D. | vertical until it reaches full capacity and then becomes horizontal |
| Answer» D. vertical until it reaches full capacity and then becomes horizontal | |