Multiple Choice
The classical dichotomy refers to the separation of
A) prices and nominal interest rates.
B) taxes and government spending.
C) decisions made by the public and decisions made by the government.
D) real and nominal variables.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: According to classical macroeconomic theory,changes in the
Q18: Most economists believe that in the long
Q19: Most economists believe that classical theory describes
Q20: The division of variables into real and
Q21: Microeconomic substitution is impossible for the economy
Q23: The model of short-run economic fluctuations focuses
Q24: In order to understand how the economy
Q25: According to classical macroeconomic theory,changes in the
Q26: According to classical macroeconomic theory,changes in the
Q27: The aggregate demand is described graphically as<br>A)sloping