The division of variables into real and nominal is a dichotomy assumed by
a. classical economists.
b. John Maynard Keynes.
c. the wealth effect.
d. short-run macroeconomic theory.
a
Economics
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The figure above shows the marginal social cost curve of generating electricity, the marginal private cost curve, and the demand curve. The marginal external cost of producing 200 billion kilowatt hours per day is ________ per kilowatt
A) 0¢ B) 10¢ C) 20¢ D) 15¢ E) 5¢
Economics
What can the Federal Reserve do to increase the natural rate of unemployment?
A) nothing B) follow contractionary monetary policy that will increase inflation C) follow contractionary monetary policy that will reduce inflation D) follow expansionary monetary policy that will increase inflation
Economics