According to classical theory, any changes in aggregate demand will
A) have no affect on prices or real Gross Domestic Product (GDP).
B) lead to changes in both real Gross Domestic Product (GDP) and the price level.
C) lead to changes in the price level.
D) lead to changes in real Gross Domestic Product (GDP), but not in the price level.
C
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Because money growth is a major component determining the inflation rate, in order to forecast inflation we should forecast actions by the
A) Congress. B) President. C) Fed. D) Office of the Treasury. E) U.S. Mint.
Individuals play ____ in causing pollution
a. almost no role b. a large but decreasing role c. a major role d. a reconstructive role
The point where both x and y are zero is known as the
a. origin. b. null. c. zero coordinate. d. center.
Which of the following is NOT a necessary condition for a firm to price discriminate?
A) The firm must be able to separate markets. B) Buyers in different markets must have different elasticities of demand. C) Resale of the product must be preventable. D) The firm must be a price-taker.