The short-run business cycle framework focuses primarily on factors:
A) affecting demand.
B) affecting supply.
C) affecting both supply and demand.
D) other than supply and demand.
Correct Answer:
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Q27: Potential output:
A)is purely a physical phenomenon.
B)is related
Q28: Keynesian economics focuses on:
A)the long run.
B)the short
Q29: If a country of 300 million people
Q30: The two frameworks conventional economists generally use
Q31: Keynesians:
A)generally favor activist government policies.
B)generally favor laissez-faire
Q33: Classicals:
A)generally favor activist government policies.
B)generally favor laissez-faire
Q34: When Classical economists of the 1930s looked
Q35: The highest amount of output an economy
Q36: Which of the following statements best depicts
Q37: The Great Depression occurred in the early:
A)1900s.
B)1930s.
C)1950s.
D)1960s.
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