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Question 14(Multiple Choice Worth 3 points) Which of the following are true concerning the classical model of economics. I. The AS curve is vertical. II.

Question 14(Multiple Choice Worth 3 points)

Which of the following are true concerning the classical model of economics.

I. The AS curve is vertical.

II. The AS curve is horizontal.

III. The AD curve is vertical.

IV. The AD curve is horizontal.

I only.

II only.

I and IV only.

II and III only.

II and IV only.

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