« previous next »

Author Question: Which of the following statements is (are) correct? In the classical system, a. aggregate demand ... (Read 26 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Which of the following statements is (are) correct? In the classical system,
 
  a. aggregate demand is the primary determinate of the natural rate of output and employment.
  b. both output and employment are self-adjusting towards the natural rates of output and employment.
  c. changes in aggregate supply drives changes in output in the short-run and in the long-run.
  d. only output is self-adjusting to the supply-determined full-employment levels.

Question 2

The position of the Keynesian aggregate demand schedule does not depend on the
 
  a. level of government spending.
  b. level of tax collections.
  c. level of autonomous investment expenditures.
  d. quantity of money.
  e. the price of inputs such as oil.


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

A Binary Star System A Binary Star System
Endocrine System Endocrine System
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Microbiology with Diseases by Body System, 3e (Bauman) Microbiology with Diseases by Body System, 3e (Bauman)
Endocrine System: Facts, Functions and Diseases Endocrine System: Facts, Functions and Diseases
Lymphatic System: Facts, Functions & Diseases Lymphatic System: Facts, Functions & Diseases
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library