Economists who view the AS curve as vertical believe that government ________________ to raise Real GDP (in the short run) from the demand side of the economy. Economists who view the AS curve as upward-sloping believe that changes in Real GDP (in the short run) _________ result from changes on the demand side

A) can do many things; cannot
B) cannot do anything; may
C) can do many things; may
D) cannot do anything; cannot

B

Economics

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Expansionary fiscal policy will

A) shift the aggregate demand curve to the left. B) shift the aggregate demand curve to the right. C) shift the short-run aggregate supply curve to the left. D) not shift the aggregate demand curve.

Economics

In the IS curve, at __________ income levels, saving is __________, so the interest rate must be __________ to expand investment

A) higher; smaller; lower B) higher; larger; higher C) higher; larger; lower D) lower; larger; lower

Economics