An increase in aggregate demand leads to the strongest increase in the price index, when the economy is in the:
a. Classical range.
b. Keynesian range.
c. Intermediate range.
d. There is not enough information to tell.
e. None of the above.
.A
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In the absence of government price supports, why is the production of wheat a good example of perfect competition?
What will be an ideal response?
The mangers of Happy Campers and Camp with Us are engaged in a strategic interaction in which their interests are aligned, but there is more than one possible equilibrium. All of the following can help the managers determine the equilibrium outcome except which one?
A) an announcement made by either firm regarding their future plans B) the Pareto criterion C) a focal point D) unpredictable strategies
Under a perfectly competitive price system:
a. an equitable allocation of the available resources will always result. b. there is no opportunity for individuals to trade amongst themselves. c. there is no reason to expect that voluntary trading will result in an equitable allocation of the available resources. d. none of the above.
A . How did the National Bank Act of 1864 tighten the money supply? b. What was the weakness of the National Bank Act of 1864?