The school that places primary emphasis on shifting the aggregate supply curve to achieve greater stabilization and economic growth is
a. classical economics
b. neo-Keynesian economics
c. supply-side economics
d. Keynesian economics
e. monetarist economics
C
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An investment intermediary that lends funds to consumers is
A) a finance company. B) an investment bank. C) a finance fund. D) a consumer company.
Monetarists' preference for reduced-form models is based on their belief that
A) reverse causation is a problem. B) structural models may understate money's effect on economic activity. C) money supply changes are always endogenous. D) monetary policy affects only investment spending.
Given the basic rule of thumb for the relationship among inflation, productivity and nominal wage increases, if wages rise by 1 percent and productivity increases 2 percent, one would predict inflation to be:
A. 3 percent. B. 1.5 percent. C. 0 percent. D. ?1 percent.
On a given linear demand curve, as price increases demand becomes ________:
A. more variable. B. more negative. C. less elastic D. more elastic.