In the classical and monetarist aggregate demand curves:
a. money is the primary factor driving changes in aggregate demand.
b. taxes can never shift aggregate demand.
c. government spending can never shift aggregate demand.
d. changes in aggregate demand drive most recessions.
e. both a and d.
A
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High-income countries have ________ and ________ as compared to developing countries
A) high rates of savings; low rates of growth B) high rates of savings; high rates of growth C) low rates of savings; high rates of growth D) low rates of savings; low rates of growth
Suppose the exchange rate between the U.S. and Argentina is initially set at 20 pesos per dollar and increases to 25 pesos per dollar. In the U.S. economy this would be expected to
A. increase exports and decrease imports. B. increase both exports imports. C. decrease both exports imports. D. increase imports and decrease exports.