Soft budget constraints is an idea of:
a. Mises
b. Schumpeter
c. Kornai
d. Keynes
e. Smith
C
Economics
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Your purchase of a Gucci purse made in Italy would be classified as:
a. both c and d b. an investment good. c. a durable good. d. an import. e. an export.
Economics
Use the extended AD–AS model to explain how inflation depends on aggregate demand and not the level of real GDP.
What will be an ideal response?
Economics