QUESTION 22 Which of the following is not true? OA. The extreme new classical aggregate supply curve is vertical. OB. The extreme Keynesian aggregate supply curve is horizontal. OC The extreme supply-side case has tax cuts shifting the aggregate supply curve leftward. OD. The neoclassical synthesis has short-run upwards sloping aggregate supply curves and vertical long run aggregate supply curves. OE. The extreme Keynesian case has tax cuts shifting aggregate demand only.

Economics For Today
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Chapter26: Monetary Policy
Section26.A: Policy Disputes Using The Self Correcting Aggregate Demand And Supply Model
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 QUESTION 22 Which of the following is not true? OA. The extreme new classical aggregate supply curve is vertical. B. The extreme Keynesian aggregate supply curve is horizontal. OC. The extreme supply-side case has tax cuts shifting the aggregate supply curve leftward. D. The neoclassical synthesis has short-run upwards sloping aggregate supply curves and vertical long run aggregate supply curves. O E. The extreme Keynesian case has tax cuts shifting aggregate demand only. 

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QUESTION 22
Which of the following is not true?
OA. The extreme new classical aggregate supply curve is vertical.
OB. The extreme Keynesian aggregate supply curve is horizontal.
OC The extreme supply-side case has tax cuts shifting the aggregate supply curve leftward.
OD. The neoclassical synthesis has short-run upwards sloping aggregate supply curves and vertical long run aggregate supply curves.
OE. The extreme Keynesian case has tax cuts shifting aggregate demand only.
Transcribed Image Text:QUESTION 22 Which of the following is not true? OA. The extreme new classical aggregate supply curve is vertical. OB. The extreme Keynesian aggregate supply curve is horizontal. OC The extreme supply-side case has tax cuts shifting the aggregate supply curve leftward. OD. The neoclassical synthesis has short-run upwards sloping aggregate supply curves and vertical long run aggregate supply curves. OE. The extreme Keynesian case has tax cuts shifting aggregate demand only.
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