Question: Classical Macro viewed the AS as vertical while Keynesians believe AS is not vertical. True O False Keynesian Macro is realistic but its also true

Classical Macro viewed the AS as vertical while

Classical Macro viewed the AS as vertical while Keynesians believe AS is not vertical. True O False Keynesian Macro is realistic but its also true that too much demand stimulus (from monetary and fiscal policy) will lead to inflation (without real GDP growth) once unemployment gets pushed to a low level. O True O False If taxes on labor income are extremely high then some people could choose to work less and the AS curve could shift left. True O False If technology improves the AS curve will shift to the left True False

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