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Author Question: According to the classical theory, an expansionary monetary policy ________ the price level and ... (Read 114 times)

sarasara

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on: Apr 19, 2019

Question 1

Classical economists believe that the aggregate supply curve is vertical because


◦ wages are flexible and they always change to clear the labor market.
◦ the labor market is always in equilibrium.
◦ people who are not working are those who have chosen not to work at the prevailing wage rate.
◦ All of these.

Question 2

According to the classical theory, an expansionary monetary policy ________ the price level and ________ output in the long run.


◦ decreases; increases
◦ increases; doesn't change
◦ increases; increases
◦ doesn't change; doesn't change
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by sarasara on Apr 19, 2019

shailee

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sarasara

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Reply #2 on: Apr 19, 2019
Thank you!


shailee

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Reply #3 on: Apr 19, 2019
Always glad to help...


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