An eclectic aggregate supply curve:
A. Is the supply-side counterpart to monetarist and Keynesian assumptions about the shape of aggregate demand.
B. Combines elements of the monetarist and Keynesian assumptions about the shape of aggregate supply.
C. Maintains a constant upward slope as the economy moves through the business cycle.
D. Is horizontal at all levels of output.
B. Combines elements of the monetarist and Keynesian assumptions about the shape of aggregate supply.
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If opportunity costs are ________, the production possibilities frontier would be graphed as a negatively sloped straight line
A) increasing B) constant C) decreasing D) negative
Policies aimed at reducing the natural rate of unemployment are referred to as
a. stabilization policies. b. structural policies. c. macroeconomic policies. d. labor policies.
Without someone actually coming into the bank to demand a loan, there is no process of money creation
Indicate whether the statement is true or false
Based upon the equation of exchange, which of the following (ceteris paribus) is most likely to bring about inflation?
A) An increase in the money supply. B) A decrease in velocity. C) An increase in Real GDP. D) a and b E) a and c