A typical Keynesian aggregate supply (AS) curve _______________ and a typical Keynesian Phillips curve _____________.
A. is vertical; is vertical
B. slopes downward; slopes downward
C. slopes upward; slopes upward
D. slopes upward; slopes downward
Answer:D
A typical Keynesian aggregate supply (AS) curve _______________ and a typical Keynesian Phillips curve _____________.
A. is vertical; is vertical B. slopes downward; slopes downward C. slopes upward; slopes upward D. slopes upward; slopes downward
Explanation: Type: Multiple Choice