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According to Keynes, aggregate supply determines the level of economic activities in the economy.

sjbux

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According to Keynes, aggregate supply determines the level of economic activities in the economy.

Question 1.

According to the Classical model, an excess supply of labor would drive up wages to a new equilibrium level and therefore unemployment would not persist.

▸ true

▸ false

Question 2.

According to Keynes, aggregate supply determines the level of economic activities in the economy.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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DWFG2796

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More solutions for this book are available here

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sjbux Author

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