Assuming the economy is experiencing a recessionary gap, classical economists predict that:
a. wages will remain fixed
b. monetary policy will sell government securities.
c. higher wages will shift the short-run aggregate supply curve leftward.
d. lower wages will shift the short-run aggregate supply curve rightward.
e. none of the above.
d
Economics
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Some sales managers are talking sho
A) "Since our competitors raised their prices our sales have doubled." B) "It has been an unusually mild winter; our sales of wool scarves are down from last year." C) "We decided to cut our prices, and the increase in our sales has been remarkable." D) none of the above
Economics
The United States became a debtor nation in
A. 1975. B. 1982. C. 1985. D. 1990.
Economics