Suppose that there is an increase in technology.The classical model predicts that
A) both output and the price level rises.
B) output rises and the price level remains the same.
C) output rises and the price level falls.
D) none of the above.
Correct Answer:
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Q50: Hyperinflation is a period of time when
A)people
Q51: If there is an increase in
Q52: According to classical economists,
A)money was a "veil"
Q53: In the classical model,if money growth and
Q54: According to the Cambridge approach to the
Q55: Which of the following statements is correct?
A)It
Q56: The equilibrium real wage is 25,the money
Q58: Which of the following statements is (are)correct?
Q59: In the classical system,the quantity of money
A)determines
Q60: Hyperinflations are caused by
A)persistant falls in aggregate
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