According to the new classical view, if the money supply and prices fall but output remains the same indicates that
a. expectations must be adaptive.
b. this change in the money supply was anticipated.
c. aggregate supply must have shifted upward.
d. none of the above can explain this.
B
You might also like to view...
When the coupon rate on newly issued bonds decreases relative to older, outstanding bonds, what happens?
A) The market price of the older bond falls in the secondary market. B) The market price of the older bond rises in the secondary market. C) Older bonds can still be sold at their face value. D) Older bonds will sell for more than their face value.
Which procedure or test investigates the officer's preparation, decisionmaking skills, relations with others, and knowledge and application of departmental policy?
A) oral interview board B) situational test C) performance appraisal D) written promotional test