The aggregate supply curve in the short run is vertical in __________ version of the AD-AS framework
A) the simple quantity theory of money
B) the monetarist
C) both the simple quantity theory of money and the monetarist
D) neither the simple quantity theory of money nor the monetarist
A
Economics
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Which of the following isnot a reason why the aggregate-demand curve slopes downward?
A. the interest-rate effect B. All of these answers are reasons why the aggregate-demand curve slopes downward. C. the wealth effect D. the exchange-rate effect E. the classical dichotomy/monetary neutrality effects
Economics
A VAR allows you to test joint hypothesis that involve restrictions across multiple equations by
A) computing a z-statistic. B) computing the BIC but not the AIC. C) using a stability test. D) computing an F-statistic.
Economics