What line in the above graph would best represent the supply curve for land?

If other factors are held constant, an increase in the price level

A) causes desired net export spending to rise. B) causes the real value of the money to increase. C) causes desired net export spending to fall. D) induces people to spend their money faster.

Which of the following statements is (are) correct?

a. Both the monetarists and classicists agree that output is completely supply determined, even in the short run b. The monetarists do not agree with the classical position that monetary policy cannot be used to influence output. c. According to both the monetarists and the classicists, output is determined by demand side factors in the short run d. None of the above