Multiple Choice
If the aggregate supply curve is perfectly elastic as in the Keynesian model at low level of national incomes, as increase in AD will cause an increase in
A) the rate of inflation
B) the level of real national output
C) the government budget deficit
D) the level of consumer debt
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Suppose that the money stock is $10
Q3: what is the foundation of monetarism?<br>A)quantity theory
Q4: When there are vacancies in the job-market,
Q5: According to monetarists, money supply constitutes<br>A)currency+ demand
Q6: In the Keynesian range of the SRAS,
Q7: Why does a temporary decrease in government
Q8: According to the basic classical model, an
Q9: The purpose of Keynesian analysis is to
Q10: Which of the following is true with
Q11: Attempts to force inflation below no-accelerating inflation