Economists assume that a perfectly competitive firm's objective is to maximize its

Wealth and substitution effects explain why the aggregate demand curve has a positive slope

Indicate whether the statement is true or false

A believer in the need for a CGRR of the money supply policy must be ________ about the ability of the private economy to self-stabilize and ________ about the accuracy of discretionary stabilization policy

A) optimistic, optimistic B) optimistic, pessimistic C) pessimistic, optimistic D) pessimistic, pessimistic