Multiple Choice
Which of the following is an implication of the classical model?
A) The supply of loanable funds curve is downward sloping.
B) The inflation rate is constantly rising.
C) Fiscal policy only changes the amount of consumption,investment and government spending,not the amount of output produced.
D) Monetary policy can change both the interest rate and real output.
E) The interest rate can only be changed by monetary policy,not by changes in government spending.
Correct Answer:
Verified
Correct Answer:
Verified
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