According to which of the following models are economic agents assumed to have perfect information?
a. The new classical model
b. The classical model
c. The monetarist model
d. The Keynesian model
B
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If an active approach is followed in closing an expansionary gap, _____
a. the aggregate demand curve would shift rightward b. the aggregate demand curve would shift leftward c. the short-run aggregate supply curve would shift rightward d. the short-run aggregate supply curve would shift leftward e. there would be a movement up and to the left along the short-run supply curve
If citizens expect to bear more of the burden for their own health care and retirement costs in the future, then we would expect their:
A. demand for loanable funds further right than it would otherwise be. B. demand for loanable funds further left than it would otherwise be. C. supply of loanable funds further right than it would otherwise be. D. supply of loanable funds further left than it would otherwise be.
Which of the following is a bank liability?
a. cash in the vault b. loans made to customers c. money market deposit accounts d. bank computers e. All of the above are correct.
If the price of hot dogs increases, the demand for hot dog buns will
A) increase. B) decrease. C) remain constant. D) shift to the right.