Multiple Choice
Which of the following statements is correct?
A) In both the Keynesian and classical systems,aggregate demand is an important determinant of output and employment
B) In classical and monetarist models,money is the primary factor determining changes in aggregate demand.
C) Aggregate demand in the Keynesian model is determined entirely by the quantity of money,whereas in the classical model,money is one of several factors determining aggregate demand
D) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Which of the following models do not
Q27: Which of the following economic theories share(s)the
Q28: Which of the following models argue that
Q29: Assuming that there is an excess supply
Q30: Discuss the slope of the aggregate supply
Q32: Which of the following statements is correct
Q33: According to the monetarists and new classical
Q34: The Keynesian model agrees with monetarists and
Q35: What theories argue that fluctuations in output
Q36: The aggregate supply curve<br>A)slopes upward to the