Question Type: MCQ

Question No$.16.$ Mark$/$s: $1\mathrm{.}00|$ Negative Mark$/$s: $0\mathrm{.}00$

In the goods and money market equilibrium using ISLM framework, the underlying assumption that firms are willing to supply whatever amount of output is demanded at the given price level corresponds to:

Vertical Aggregate Supply Curve

Horizontal Aggregate Supply Curve

Upward sloping Aggregate Supply Curve

Downward sloping Aggregate Demand Curve