Use the figure below to answer the following question(s).
Figure 11-1
-Refer to Figure 11-1. Consider the short-run aggregate supply curve SRAS. What is the segment between a and b called?
A)the new classical range
B)the Keynesian range
C)the flexible wage and price range
D)the balanced budget range

Question

Use the figure below to answer the following question(s).
Figure 11-1 
-Refer to Figure 11-1. Consider the short-run aggregate supply curve SRAS. What is the segment between a and b called?
A)the new classical range 
B)the Keynesian range 
C)the flexible wage and price range 
D)the balanced budget range

Quizplus · Accepted Answer

The segment between a and b on the short-run aggregate supply curve SRAS is typically referred to as the Keynesian range, where output can increase without causing a rise in the price level.

Use the Figure Below to Answer the Following Question(s)