Classical economists believe that
A) money is neutral.
B) an increase in the real money supply affects output.
C) inflation is determined by wage growth.
D) monetary policy should be used to combat recessions.
A
Economics
You might also like to view...
Which of the following does NOT shift the supply curve?
A) a technological advance B) a decrease in the wages of labor used in production of the good C) a fall in the price of a substitute in production D) an increase in the price of the good
Economics
In the short run, an increase in aggregate demand
A) lowers the price level and decreases real GDP. B) lowers the price level and increases real GDP. C) raises the price level and increases real GDP. D) raises the price level and decreases real GDP.
Economics