Which of the following is NOT reflected in a shift of the AD-curve?
A) a change in real money balances due to a change in the price level
B) a change in real money balances due to a change in nominal money supply
C) a change in government transfer payments
D) a change in the confidence of consumers and businesses
E) all of the above will shift the AD-curve
Correct Answer:
Verified
Q2: Frictional unemployment is defined as
A)all unemployment above
Q3: The slope of the AS-curve becomes steeper
A)as
Q4: In the Keynesian aggregate supply curve case,
Q5: The level of GDP that corresponds to
Q6: The AD-AS diagram used in this chapter
A)is
Q7: Which of the following was NOT true
Q8: The Keynesian AS-curve implies that
A)the economy is
Q9: Which of the following is FALSE?
A)the AS-curve
Q10: Assume you mistakenly buried a $100 bill
Q11: Most economists prior to Keynes thought that
A)unemployment
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