Multiple Choice
According to classical macroeconomic theory,changes in the money supply affect
A) unemployment and the price level.
B) unemployment but not the price level.
C) the price level,but not unemployment.
D) neither the price level nor unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: The division of variables into real and
Q21: Microeconomic substitution is impossible for the economy
Q22: The classical dichotomy refers to the separation
Q23: The model of short-run economic fluctuations focuses
Q24: In order to understand how the economy
Q26: According to classical macroeconomic theory,changes in the
Q27: The aggregate demand is described graphically as<br>A)sloping
Q28: The variables on the vertical and horizontal
Q29: Aggregate demand includes<br>A)only the quantity of goods
Q30: "Money is a veil" best describes the<br>A)new-Keynesian