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Author Question: The classical theory of aggregate supply where markets are perfectly flexible a. may or may not ... (Read 49 times)

eruditmonkey@yahoo.com

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on: Jun 30, 2018
The classical theory of aggregate supply where markets are perfectly flexible
 
  a. may or may not be compatible with the Keynesian system.
  b. is easily added the IS-LM framework of aggregate demand.
  c. is fundamentally incompatible with the Keynesian system.
  d. is consistent with the IS-LM framework if all shocks are to the IS curve.
  e. none of the above.

Question 2

Which of the following models do not believe that there exists a short run tradeoff between higher inflation and lower unemployment?
 
  a. Keynesians
  b. monetarists
  c. new classical
  d. real business cycle
  e. none of the above


sarahccccc

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

C

Answer to Question 2

D


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