In the Classical model, aggregate demand determines the
A) level of real output.
B) the level of employment.
C) the price level.
D) the velocity of money.
C
Economics
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Michelle transfers $4,000 from her savings account to her checking account. What effect is this change likely to have on M1 and M2?
A. M1 decreases and M2 increases B. M1 increases and M2 decreases C. M1 increases and M2 stays the same D. M2 increases and M1 stays the same
Economics
The structural deficit is equal to expenditures
A. plus transfers less taxes for the fiscal year in government statistics. B. less taxes at some hypothetical high employment level. C. plus transfers less taxes at some hypothetical high employment level. D. less transfers for the fiscal year in government statistics.
Economics