A vertical aggregate supply curve, where the quantity of output is consistent with many different price levels, also implies:
A. an upward sloping Phillips curve.
B. a downward sloping aggregate demand curve.
C. a vertical aggregate demand curve.
D. a vertical Phillips curve.
Answer:D
A vertical aggregate supply curve, where the quantity of output is consistent with many different price levels, also implies:
A. an upward sloping Phillips curve. B. a downward sloping aggregate demand curve. C. a vertical aggregate demand curve. D. a vertical Phillips curve.
Explanation: Type: Multiple Choice