Economics · Macroeconomics
Assertion (A): According to Keynesian theory, the aggregate supply curve becomes vertical after full employment is reached. Reason (R): When full employment is reached, output cannot be increased further because all available labour and resources are fully utilized.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is incorrect, but (R) is correct
- 2Both (A) and (R) are correct and (R) is the correct explanation of (A)✓
- 3(A) is correct, but (R) is incorrect
- 4Both (A) and (R) are correct, but (R) is NOT the correct explanation of (A)
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Both (A) and (R) are correct and (R) is the correct explanation of (A)
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