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Author Question: The Keynesian model agrees with monetarists and new classical models about the fact that a. ... (Read 55 times)

itsmyluck

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on: Jun 30, 2018
The Keynesian model agrees with monetarists and new classical models about the fact that
 
  a. changes in the money supply drive most changes in aggregate demand.
  b. aggregate supply is upward sloping because of differences between actual and expected price levels.
  c. changes in aggregate demand drive business cycles.
  d. Both b and c
  e. None of the above

Question 2

Paper money helped colonists pay soldiers for services provided when specie was not available. This money was fiat money; it did not possess specie backing.
 
  Indicate whether the statement is true or false
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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alexanderhamilton

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

C

Answer to Question 2

True


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