Classical economists
a. argued that the money supply determined aggregate demand.
b. regarded monetary policy as unimportant since the quantity of money does not determine the price level.
c. believed that the quantity of money influences interest rates and real wages.
d. believed that prices would increase more than proportionate to an increase in the money supply.
Question 2
According to Ricardian equivalence, a long-run impact on the economy occurs when the government ________.
A) lowers taxes
B) issues more government bonds
C) increases spending on capital goods
D) raises taxes
Distribution of Aggregate Mining
Pavlov’s Original Classical Conditioning Procedure
The population of Asia increases rapidly, the demand for food and water is also growing
The demand for cheap coal to generate electrical power is rising
Time value money
Mutagenicity of aflatoxin B1 determined by the Ames test