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Author Question: In real business cycle models and new classical models a. monetary factors are responsible for ... (Read 155 times)

charchew

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In real business cycle models and new classical models
 
  a. monetary factors are responsible for fluctuations in output and employment.
  b. changes in unemployment are involuntary.
  c. markets always clear.
  d. prices and wages are perfectly flexible.
  e. none of the above.

Question 2

Assume that the money stock is the intermediate target and money demand is totally interest- inelastic. Then, the
 
  a. LM schedule will be horizontal.
  b. LM curve schedule would be vertical.
  c. IS curve would be horizontal.
  d. None of the above



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Pswine

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Answer to Question 1

D

Answer to Question 2

B




charchew

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


duy1981999

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Reply 3 on: Yesterday
Wow, this really help

 

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