The Keynesian model agrees with monetarists and new classical models about the fact that
a. changes in the money supply drive most changes in aggregate demand.
b. aggregate supply is upward sloping because of differences between actual and expected price levels.
c. changes in aggregate demand drive business cycles.
d. Both b and c
e. None of the above
C
Economics
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What is the paradox of value and how is the paradox resolved?
What will be an ideal response?
Economics
Suppose, on average, a family in Church Falls earning $60,000 per year paid 6 percent of its income in state taxes. A family earning $80,000 paid, on average, $4,760 in state income taxes
Are state taxes in Church Falls progressive or regressive? Be sure to explain the difference between a progressive tax and a regressive tax.
Economics