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 unannounced 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
A
Economics
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If Blake can pick more cherries in one hour than Cody, then Blake has a comparative advantage in cherry picking
Indicate whether the statement is true or false
Economics
Which of the following can best explain the clustering of some industries, such as banking and finance in New York City and high-technology computer production in Silicon Valley?
A. Perfect competition B. External scale economies C. Comparative advantage D. Intra-industry trade
Economics