With respect to Friedman's natural rate theory, expansionary monetary policies can
a. move output above the natural rate but leave unemployment at the natural rate in the short-run.
b. only affect inflation and not unemployment in the long-run.
c. leave output at its natural rate with a simultaneous decrease in the natural rate of employment.
d. move output and employment below the natural rate.
B
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An increase in the government budget deficit will shift the ________ curve for loanable funds to the ________ and the equilibrium real interest rate will ________
A) supply; right; fall B) supply; left; rise C) demand; left; fall D) demand; right; rise
Forward and backward linkages apply to which of the following development strategies?
a. big-push development b. government sponsored development c. direct foreign intervention d. unbalanced development e. balanced development