Which of the following countries has the largest union membership measured as the percentage of civilian employees in unions?

On a steeply sloped aggregate supply curve, monetary policy will affect primarily output

a. True b. False Indicate whether the statement is true or false

Which of the following is a component of the classical model?

a. Changes in aggregate demand cause movements along the long-run aggregate supply curve. b. An increase in aggregate demand shifts the short-run aggregate supply curve rightward. c. Changes in aggregate demand shift the long-run aggregate supply curve rightward. d. An increase in aggregate demand quickly lowers the price level.