Suppose that for several periods the aggregate demand and supply curves have been intersecting at the same point, and at full employment. Then the central bank increases money growth as the result of an announced policy change
Under New Classical assumptions the likely short-run result is __________ output and __________ price level. A) rising; a rising
B) rising; an unchanged
C) unchanged; a rising
D) unchanged; an unchanged
C
Economics
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A market that consists of only a few large firms is probably a(n):
A. perfectly competitive market. B. monopolistically competitive market. C. oligopoly. D. monopoly.
Economics
Compound interest is:
A. the interest rate adjusted for the rate of inflation. B. the payment of interest on the original deposit. C. the payment of interest on both the original deposit and all accumulated interest. D. the real rate of interest compounded by the rate of inflation.
Economics