Multiple Choice
________ economists believe that the economy is self- regulating and will be at full employment as long as monetary policy is not erratic.
A) Classical
B) Keynesian
C) Monetarist
D) All
Correct Answer:
Verified
Correct Answer:
Verified
Q17: Business cycles are the result of<br>A)regular shifts
Q18: A decrease in government transfer payments<br>A)decreases the
Q19: In the short run, firms expand their
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the above
Q21: The aggregate demand curve shows the _
Q23: In the short run, real GDP can
Q24: Full- employment equilibrium occurs<br>A)when potential GDP exceeds
Q25: An increase in aggregate demand is shown
Q26: The short- run aggregate supply curve<br>A)is vertical.<br>B)is
Q27: A change in_creates a movement along the