Which of the following is FALSE in the medium run?
A) a change in monetary policy can shift the AD-curve
B) a change in fiscal policy can shift the AD-curve
C) a change in fiscal policy can change output and prices
D) a change in monetary policy can change prices but not output
E) a change in labor productivity can shift the AS-curve
Correct Answer:
Verified
Q1: Nominal GDP is correctly defined as
A)the monetary
Q3: Which of the following is a FALSE
Q4: If a shift in the AD-curve has
Q5: In the very short run, the level
Q6: In the very long-run AD-AS model, if
Q7: The position of the AS-curve depends on
A)fiscal
Q8: Which of the following transactions will have
Q9: Which of the following is NOT a
Q10: Government intervention into economic activity will NOT
Q11: In the simple macro model of this
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