Keynesians and monetarists share the belief that
a. recessions are caused by falls in aggregate demand.
b. the demand for money is stable.
c. excess demand is a chronic problem in modern economies.
d. the Federal Reserve is responsible for most recessions.
e. stabilization policy is beneficial.
A
Economics
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A change in the price level produces a ________ the aggregate demand curve
i. shift in ii. change in the slope of iii. movement along A) i only B) ii only C) iii only D) i and ii E) i and iii
Economics
In 1789 the percentage of the average American's income that went to pay taxes was about
a. 5%. Today it is about 50%. b. 5%. Today it is about 25%. c. 50%. Today it is about 33%. d. 25%. Today it is about 33%.
Economics