What is the basic problem of developing countries?

The "law of demand" is illustrated by a

A) rightward shift of the demand curve. B) leftward shift of the demand curve. C) movement along the demand curve. D) Both answers A and B are correct.

Which of the following models view changes in real supply-side factors as determinants of short-run fluctuations in output and employment?

a. New classical models b. Political business cycle models c. Keynesian models d. Real business cycle models e. none of the above