Supply is said to be ____ when the quantity supplied is very responsive to changes in price

The Monetarist model differs from the classical model in that

a. changes in aggregate demand, not aggregate supply, drive changes in output. b. changes in the money supply drive changes in inflation inflation. c. changes in aggregate supply, not aggregate demand, drive changes in ouput. d. money demand is not always stable. e. none of the above.

A tractor used to prepare land for planting is called

A) land. B) labor. C) physical capital. D) human capital.