Author Question: The Keynesian model agrees with monetarists and new classical models about the fact that a. ... (Read 91 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
The Keynesian model agrees with monetarists and new classical models about the fact that
 
  a. changes in the money supply drive most changes in aggregate demand.
  b. aggregate supply is upward sloping because of differences between actual and expected price levels.
  c. changes in aggregate demand drive business cycles.
  d. Both b and c
  e. None of the above

Question 2

Paper money helped colonists pay soldiers for services provided when specie was not available. This money was fiat money; it did not possess specie backing.
 
  Indicate whether the statement is true or false


alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

C

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library