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19 November, 21:57

The keynesian? short-run aggregate supply? (sras) curve

a. assumes a? full-employment level of real gross domestic product? (gdp).

b. is horizontal.

c. shows that real gross domestic product? (gdp) will increase only if the price level increases.

d. does not reflect any changes in nominal gross domestic product? (gdp).

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  1. 19 November, 22:50
    0
    The answer is C. correct me if I'm wrong but I believe the

    sras curve shows the short-run relation between real production and price level.
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