Multiple Choice
If business cycles are caused by changes in aggregate supply,you would expect to see
A) prices and unemployment moving in the same direction.
B) price and unemployment moving in opposite directions.
C) prices not moving with unemployment.
D) unemployment is not included in the Keynesian model.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: According to the Keynesian fixed wage theory,real
Q47: If inflation and unemployment is rising at
Q48: In the IS-LM model,the implicit assumption made
Q49: In the Keynesian model with both a
Q50: In the contract theory of wages,if workers
Q52: The position of the Keynesian aggregate demand
Q53: If everyone expects prices to fall but
Q54: Which of the following statements is (are)correct?
Q55: If the classical model is correct,what should
Q56: In the Keynesian model with a fixed