Which of the following statements is correct?
A) New classicals believe that the aggregate supply curve is vertical in the short run.
B) New Keynesians believe that the aggregate supply curve is vertical in the short run.
C) New Keynesians believe that the aggregate supply curve slopes upward in the long run.
D) New classicals believe that the aggregate supply curve slopes upward in the short run.
D
Economics
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When a country has a current account deficit, the country
A) is borrowing from abroad. B) is lending abroad. C) must have a government budget surplus. D) must have a government budget deficit.
Economics
Define the following terms and explain their importance to the study of economics:
a. antitrust policy b. economies of scale c. economies of scope
Economics