Classical economists and modern monetarists agree that the best way to examine the economy is through the use of
A) aggregate supply and demand.
B) the multiplier.
C) the quantity theory.
D) the GNP account.
C
You might also like to view...
From 1991 until 2001, the United States was in a period of
A) business cycle peaks. B) expansion. C) recession. D) business cycle troughs.
Figure 11-3
?
In Figure 11-3, if person 1 and person 2 have the indicated quantities of cheese and crackers and are on the indicated indifference curves, is there the possibility of mutually beneficial trade? Explain.
What will be an ideal response?
Fractional reserve banking began as a search for
A. a different metallic monetary system. B. additional sources of gold. C. different types of borrowers. D. additional profits.
When the government requires a firm to pay an emission charge in proportion to its pollution,
A. Neither marginal costs nor average total costs are affected. B. Marginal costs rise, but average total costs do not. C. Both average total costs and marginal costs rise. D. Average total costs rise, but marginal costs do not.