Which of the following statements is correct?
a. In both the Keynesian and classical systems, aggregate demand is an important determinant of output and employment
b. In classical and monetarist models, money is the primary factor determining changes in aggregate demand.
c. Aggregate demand in the Keynesian model is determined entirely by the quantity of money, whereas in the classical model, money is one of several factors determining aggregate demand
d. None of the above
B
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Improved quality in health care services is partly responsible for increases in health care costs in the United States
Indicate whether the statement is true or false
The "ceteris paribus" clause in the law of demand allows which of the following factors to change?
A. consumer tastes and preferences B. prices of other goods C. expectations D. price of the good demanded