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Author Question: According to the classical theory, an inward shift in aggregate demand would reduce A) real Gross ... (Read 40 times)

mrsjacobs44

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on: Jun 29, 2018
According to the classical theory, an inward shift in aggregate demand would reduce
 
  A) real Gross Domestic Product (GDP) and the price level.
  B) the price level but have no effect on real Gross Domestic Product (GDP).
  C) real income but have no impact on the price Gross Domestic Product (GDP).
  D) the price level but increase real Gross Domestic Product (GDP).

Question 2

The total value of all outstanding federal government securities is
 
  A) a flow variable.
  B) the budget deficit.
  C) total personal wealth.
  D) none of the above.


mariahkathleeen

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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