In the new Keynesian model, an ________ increase in productivity will impact ________
A) unanticipated; both aggregate demand and aggregate supply
B) anticipated; both aggregate demand and aggregate supply
C) anticipated; aggregate demand, but not aggregate supply
D) unanticipated; aggregate demand, but not aggregate supply
B
Economics
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When the marginal cost of producing sweet potatoes equals the marginal benefit, the sweet potato producer has:
a. incurred economic losses. b. reached the optimal quantity to produce. c. minimized the total costs of production. d. avoided incurring any opportunity costs.
Economics
What is the present value of $960 in one year if the current rate of interest is 6 percent?
A) $676.76 B) $905.66 C) $1,017.60 D) $1,449.46
Economics