Multiple Choice
Keynesians and monetarists believe that economic fluctuations are caused
A) by shifts in both the AS and AD curves.
B) largely by shifts in the AD curve.
C) changes in the structural deficit.
D) by fiscal policy.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: At potential GDP<br>A) there is no unemployment
Q7: The level of potential GDP<br>A) increases when
Q8: Which of the following is true?<br>A) The
Q9: The marginal propensity to consume measures<br>A) the
Q10: The impulse leading to business cycles in
Q12: The growth rate of productivity is a
Q13: If the Fed increases the quantity of
Q14: Classical economists believe that the economy<br>A) requires
Q15: The presence of imports _ the size
Q16: The multiplier effect<br>A) is nonexistent in the