The view that changes in the money supply is the primary cause of changes in real output and the price level is most closely associated with
A. the monetarist view.
B. mainstream economics.
C. real business cycle theory.
D. rational expectations theory.
Answer: A
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According to the Bureau of Labor Statistics, most U.S. adults are either
A) employed or unemployed. B) employed or not in the labor force. C) unemployed or not in the labor force. D) unemployed or underemployed.
Government intervention in agricultural markets in the U.S. began
A) during the Korean War. B) during World War II to ensure that enough food was available for domestic consumption. C) after World War I in order to assist farmers to adjust from a war-time economy to a peace-time economy. D) during the Great Depression.
What special role does the president play in creating fiscal policy?
What will be an ideal response?
Changes in all of the following shift the LM curve except
a. the price level. b. income. c. the money supply. d. money demand. e. all of the above shift LM curve.