According to the misperceptions theory, an unanticipated decrease in the money supply shifts the AD curve ________, causing output to ________ in the short run

Describe the major features of the business cycle. Be sure to discuss what variables are affected by the cycle, a description of the key features that are apparent in the data, how variables are related to one another, how regular the cycle is, and

how predictable the cycle is.

The term "inverse demand curve" refers to

A) a demand curve that slopes upward. B) expressing the demand curve in terms of price as a function of quantity. C) the demand for "inverses." D) the difference between quantity demanded and supplied at each price.