After a fruitless two-year search for a job, a former executive gives up and decides to live off the land in the Rocky Mountains. This former executive is considered

Which of the following statements is (are) correct? According to real business cycle theory,

a. the desirable monetary policy would appear to be one that results in a slow steady growth in the money supply and, thus, stable prices. b. there is some role for activist monetary stabilization policy of a Keynesian type. c. changes in aggregate demand cannot impact output. d. Both a and b e. Both a and c

Consumption possibilities, during a given time period, refer to the

A. Maximum amount that a country can produce if it imports and does not export. B. Amount by which a country can expand its production possibilities by engaging in international trade. C. Maximum amount of imported goods and services that a country can consume. D. Alternative combinations of goods and services that a country could consume in a given period of time.