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Author Question: The Monetarist model differs from the classical model in that a. changes in aggregate demand, not ... (Read 68 times)

waynest

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on: Jun 30, 2018
The Monetarist model differs from the classical model in that
 
  a. changes in aggregate demand, not aggregate supply, drive changes in output.
  b. changes in the money supply drive changes in inflation inflation.
  c. changes in aggregate supply, not aggregate demand, drive changes in ouput.
  d. money demand is not always stable.
  e. none of the above.

Question 2

According to Edward Denison's estimates, the largest proportion of economic growth during the 1929-82 period was
 
  a. growth in the labor input.
  b. growth in output per unit of input.
  c. growth in the capital input.
  d. economies of scale.
  e. education.


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Andromeda18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


waynest

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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