The proposition that policy actions have no real effects in the short run if the policy actions are anticipated is known as
A) the policy irrelevance proposition. B) the Keynesian proposition.
C) the inflation stabilization proposition. D) the unemployment stabilization proposition.
A
Economics
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The aggregate-demand curve shows the quantity of goods and services that firms choose to produce and sell at each price level.
a. true b. false
Economics
If the expenditure multiplier is 5, the slope of the aggregate expenditure (AE) curve is
A) 0.2. B) 0.5. C) 0.8. D) 0.7. E) 0.6.
Economics