Since classical economists and monetarists believe that the economy operates at full employment, real GDP, that is, along the vertical segment of aggregate supply:
a. any increase in the money supply can only end up raising the price level.
b. any increase in the money supply can only end up lowering the price level.
c. any decrease in the money supply can only end up raising the price level.
d. changes in the money supply will not affect the price level.
e. any increase in the money supply will cause both nominal and real GDP to increase.
Question 2
Eric lost his job because a recession caused his employer's sales to fall. This is an example of:
a. involuntary unemployment.
b. frictional unemployment.
c. structural unemployment.
d. cyclical unemployment.
Example of an online employment application and posting of a résumé.
Half Full or Half Empty
A fluorescent trouble light operates cooler and is safer to use in the shop because it is protected ...
Use full palms to apply light sliding strokes from foot to hip. This connects and finishes massage ...
Full-term pregnancy
Percentage of Full Tryptophan Expression for trpR+ and trpR- Strains