The difference between an orthodox stabilization plan and a heterodox stabilization plan is that the orthodox plan
A) targets the problem of inflation, while the heterodox plan targets unemployment.
B) reduces trade flows less than the heterodox plan.
C) does not include higher taxes and the heterodox plan does.
D) does not include wage and price controls and the heterodox plan does.
E) eliminates budget deficits, while the heterodox plan only reduces them.
D
Economics
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LRE. After in increase in AD, the price level will initially be ____ and real GDP will initially be ____
a. lower; lower b. higher; higher c. lower; higher d. higher; lower
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Given a downward-sloping aggregate demand curve, if short-run aggregate supply increases, real GDP must increase and nominal GDP must fall
a. True b. False Indicate whether the statement is true or false
Economics