According to the new classical view, if the money supply and prices fall but output remains the same indicates that
a. expectations must be adaptive.
b. this change in the money supply was anticipated.
c. aggregate supply must have shifted upward.
d. none of the above can explain this.
Question 2
The negative impact of government debt on the economy is mitigated by ________.
A) the impact of the debt on national saving
B) government spending on schools and highways
C) the interest rate effects of government budget deficits
D) the phenomenon of crowding-out
Top down view of Olympus Mons, the highest known mountain in the solar system
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Classic Supply - Demand Curve
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Anterior & posterior view of the tibia (shinbone) and the fibula