Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

The Aggregate Supply (AS) curve and Aggregate Demand (AD) curve in a realistic Keynesian world are :

1
AS : fully horizontal; AD : downward sloping
2
AS : horizontal only fill the employment level; AD : downward sloping
3
AS : vertical, AD : upward sloping
4
AS : horizontal; AD : vertical
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