The Keynesian AD curve differs from the classical AD curve in that:
a. the classical AD curve can shift in response to non-monetary shocks.
b. the Keynesian AD curve can shift in response to monetary shocks.
c. the Keynesian AD curve can shift in response to non-monetary shocks.
d. there is no difference, both are determined by the quantity theory.
e. none of the above.
C
Economics
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Which of the following is true of an extensive-form game?
A) The sum of the payoffs to the players in the game is always constant. B) It involves simultaneous decision making by the players. C) It involves sequential decision making by the players. D) The players in the game earn equal payoffs in equilibrium.
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To draw your budget line between steak and lobster, all you need to know is your income
Indicate whether the statement is true or false
Economics