According to the new classical system,
a. an anticipated change in aggregate demand will cause labor suppliers to make price forecast errors and will, therefore, affect output and employment.
b. anticipated changes in aggregate demand will not affect output and employment because labor suppliers have perfect information about the price level.
c. unanticipated changes in aggregate demand will shift both the aggregate demand schedule and the aggregate supply schedule.
d. both b and c.
e. None of the above
Question 2
The arguments of Kessel and Alchien (1959) on the terms of trade and the question of who paid for the Civil War (18611865) conclude that 40 percent of the war's burden fell on
(a) those who exported manufactures.
(b) those who purchased imports.
(c) farmers alone.
(d) the economy as a whole.
Lymphatic vessels pick up excess tissue fluid, purify it in the lymph nodes, and then return it to t
Detection of Hypovolemia by the Kidney and the Renin–Angiotensin System
The digestive system.
A gasoline direct-injection system injects fuel under high pressure directly into the combustion ...
Relationship between the pancreas and the digestive system.
Climate Change in East Asia