The degree to which monetary forces are the cause of aggregate demand instability is the major controversy between
a. classicists and Keynesians.
b. monetarists and new classical economists.
c. real business cycle theorists and classicists.
d. monetarists and Keynesians.
e. None of the above
D
Economics
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The Federal Open Market Committee (FOMC)
A) determines the tax policy of the government. B) influences the future growth of the money supply. C) oversees all transactions on the stock market. D) lends to the least credit-worthy customers.
Economics
Other things being constant, the only way to move along a given supply curve for a product is for
A) the product's relative price to change. B) the future relative price of related goods to change. C) the number of sellers to change. D) technological changes to occur.
Economics