Puts and calls are the choices available to participants in the

According to the hypothesis of New Keynesian inflation dynamics, an increase in aggregate demand brings about

A) initial sluggish adjustment of the price level followed by higher inflation later on. B) initial rapid adjustment of the price level followed by lower inflation later on. C) initial sluggish adjustment of real GDP followed by more rapid real GDP growth later on. D) sluggish growth in real GDP both initially and later on.

In the theory of economic development, the competing strategy to the big-push is

a. unbalanced development with forward and backward linkages b. supply and demand c. balanced economic development d. real and money investments e. government spending (financed by taxes)