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
Angioplasty. One form is called balloon angioplasty, shown here. A balloon catheter is threaded into
Urine output.
The major skeletal muscles—anterior superficial view.
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
U.S. Output and Productivity Growth, 1870–2007
Right lateral view of skull