For both Keynesians and monetarists to predict accurately the effects of a change in the money supply on the price level, they need to add ____ to their analysis
a. aggregate demand
b. nominal GDP
c. real GDP
d. aggregate supply
e. government spending
d
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Which figure above shows the effect of an increase in the cost of the tomato sauce used to produce pizza?
A) Figure A B) Figure B C) Figure C D) Figure D E) Both Figure B and Figure C
The natural rate of unemployment occurs if there is no:
a. unemployment. b. frictional unemployment. c. structural unemployment. d. cyclical unemployment.
The value of the GDP deflator and the real GDP of a country in 2010 (relative to 2008) were 105 and $85 billion, respectively. This implies that the nominal GDP of this country in 2010 was _____
a. $89.25 billion b. $82 billion c. $105 billion d. $141 billion
The rule of reason originated in the __________________ case of 1920.
Fill in the blank(s) with the appropriate word(s).