Modern keynesian analysis assumes that the short-run aggregate supply curve is


Homework: Chapter 11 Homework Score: 0 of 1 pt Concept Question 2.15 Modern Keynesian analysis assumes that the short-run aggregate supply curve is A. horizontal. O B. downward sloping. O C. vertical. O D. upward sloping.

Answer

Modern keynesian analysis assumes that the short-run aggregate supply curve is D. Upward sloping.

It mainly represent a direct relationship between price level and real GDP.

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