The short run aggregate supply curve is horizontal if

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Question 12 of 25The short-run aggregate supply curve is horizontal ifresources were fully utilized.there are unutilized resources in the economy.resources are perfectly adaptable between production processes.there are high inflation rates.
1 out of 1Correct!!Question 13 of 25The equilibrating force in the credit market in the classical model is
1 out of 1Correct!!Question 14 of 25The Keynesian model is basically
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Question 15 of 25In the classical model, how do shifts in aggregate demand affect real GDP?
1 out of 1Correct!!Question 16 of 25Which of the following decreases aggregate supply?discoveries of new raw materialsan increase in competitionan increase in training and educationa decrease in labor supply
1 out of 1Correct!!Question 17 of 25When you purchase Gap clothing and baseball tickets,
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Question 18 of 25Suppose that there is no government and no international trade. When C+ I is less than the level of real GDP,
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