Both approaches—Keynesian and monetarist—are ways of analyzing
A. aggregate supply.
B. aggregate demand.
C. the average price level.
D. government spending and expenditures.
Answer: B
Economics
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Under a fixed exchange rate system, the exchange rate
a. is equal to one. b. fluctuates as the price of gold fluctuates. c. is fixed and interest rates must vary in response to balance of payment movements. d. can periodically change as economic conditions change.
Economics
Among the factors that might lead to a divergence from the path of prices for a depletable resource predicted by the economic models are: (i) unexpected discoveries of new reserves; (ii) new technologies which reduce extraction costs
a. i and ii b. i but not ii c. ii but not i d. neither i nor ii
Economics