This topic contains a solution. Click here to go to the answer

Author Question: In the long run, inflation results from increases in a nation's money supply that exceed increases ... (Read 72 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
In the long run, inflation results from increases in a nation's money supply that exceed increases in its output of goods and services.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

According to the new classical school, if macroeconomic policy is perfectly predictable, then the aggregate supply curve and the Phillips curve must be vertical in both the short run and the long run.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karlss

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

True

Answer to Question 2

False




Alainaaa8

  • Member
  • Posts: 576
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Excellent

 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

For a complete list of videos, visit our video library