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Author Question: Classical economists a. argued that the money supply determined aggregate demand. b. regarded ... (Read 76 times)

nautica902

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on: Jun 30, 2018
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


Galvarado142

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


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nautica902

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Reply #2 on: Jun 30, 2018
Thank you :)


Galvarado142

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Reply #3 on: Jun 30, 2018
Happy to help you


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