In the short run ________
A) the more flexible wages and prices are, the more inflation responds to the output gap
B) the more sticky wages and prices are, the more difficult to tell the difference between the short run and long run aggregate supply curves
C) if wages and prices are sticky, aggregate output is always at its potential level
D) all of the above
E) none of the above
A
Economics
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________ would be the source of a "real" business cycle
A) Unanticipated changes in monetary policy B) Anticipated changes in monetary policy C) Technology shocks D) all of the above
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Whether or not the positive externalities generated by education are inframarginal can be measured with a great degree or certainty
a. True b. False
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