« previous next »

Author Question: Which of the following statements is (are) correct? In the classical system, a. aggregate demand ... (Read 60 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?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

The Endomembrane System The Endomembrane System
nervous system nervous system
The male reproductive system. The male reproductive system.
Concept map of disease and immune system Concept map of disease and immune system
CRISPR-Cas9 System for In Vivo Genome Editing Experiments CRISPR-Cas9 System for In Vivo Genome Editing Experiments
Typical wiring diagram of a V-6 distributorless (direct fire) ignition system. Typical wiring diagram of a V-6 distributorless (direct fire) ignition system.
Video: Leukemia

For a complete list of videos, visit our video library