According to Milton Friedman, continued inflation is always and everywhere
A) a supply-side phenomenon.
B) caused by continued decreases in aggregate supply.
C) caused by continued increases in the budget deficit.
D) a monetary phenomenon.
E) none of the above
D
Economics
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Given the information in Figure 18.1, the competitive output in the corbomite industry is:
A) Q0. B) Q1. C) Q2. D) any level as long as price is P0.
Economics
Higher unemployment tends to be associated with
A) the classical model. B) higher real GDP. C) higher nominal GDP. D) lower real GDP.
Economics