In the Keynesian model with both a variable price level and money wage
In the Keynesian model with both a variable price level and money wage, the aggregate supply function will be
a. upward sloping but flatter than for the variable-price/fixed-wage version of the model.
b. upward sloping but steeper than for the variable-wage/fixed-price version of the model.
c. vertical.
d. horizontal.
ANSWER
B
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