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
The small-scale distribution of different tree species in a Douglas-fir forest is determined by both
Binding site variation for transcription factor CEBPA along gene PCK1 as determined by ChIP
Classic Supply - Demand Curve
Oil supply and prices affect the economies of nations
Suppose a country imports televisions. The country's supply and demand curves are shown in ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...