Edexcel A-Level Economics AS 2.3.3 3a Different Shapes of As Curve Lras Keynesian Classical Topic Practice

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Question 1

[Maximum number: 1]

Which statement about the Keynesian LRAS curve is correct?

A

Perfectly inelastic at full employment

B

Relatively elastic at full employment

C

Relatively inelastic with spare capacity

D

Perfectly inelastic with spare capacity

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