A core belief of modern macroeconomics is that in the long run,
A) a change in money growth will affect the level of output, but not its composition.
B) a change in money growth will affect the composition of output, but not its level.
C) output can deviate permanently from its natural level.
D) a change in fiscal policy will not affect the composition of output.
E) greater saving will result in greater output.
E
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The above table has data on the consumption function in the nation of Mojo
a. What is the amount of autonomous consumption expenditure? b. What is the marginal propensity to consume?
What is the difference between a supply schedule and a supply curve?
What will be an ideal response?
Which of the following will cause the demand curve for cable TV services to shift to the left?
A) a rise in the price of cable TV services B) a decrease in average incomes of cable TV subscribers C) an increase in population D) the creation of several hit TV series
Internalizing an externality makes _____
a. consumers pay a price that is equal to their private willingness to pay b. producers charge a price that is equal to the marginal cost of production faced by them c. the government tax a third party who has been affected by the externality d. market participants consider the costs of or benefits to other parties while making decisions