To determine the equilibrium price level and equilibrium level of real GDP, the aggregate demand and aggregate supply must
A) be considered as a multiplier. B) be disregarded.
C) be considered separately. D) intersect.
D
Economics
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Which of the following is (are) correct? In the classical system, the suppliers of bonds were the
a. government which always sold bonds to finance a new project. b. firms which financed all investment expenditures by selling bonds. c. government which might sell bonds to finance spending in excess of tax revenues. d. Both b and c.
Economics
Keynesians have been critical of supply-side economics because it ignores
a. the natural rate of unemployment b. exogenous supply-shocks c. distributional issues. d. the costs of high inflation.
Economics