According to the new classical school of thought,a continually increasing money supply causes ________.
A) the aggregate demand curve to shift continually to the right, and the price level to increase continually
B) the aggregate supply curve to shift continually to the right, and the price level to increase continually
C) the long-run aggregate supply curve to shift continually to the right, and the price level to increase continually
D) both B and C of the above
Correct Answer:
Verified
Q3: If a rise in the expected price
Q5: In the new classical model,an anticipated policy
Q6: According to the new classical model,_.
A) unanticipated
Q10: In the new classical model,an unanticipated increase
Q11: In the new classical model,_.
A) all wages
Q14: Steve the economist tells his students that
Q15: The new classical model has the word
Q15: In the new classical model,an anticipated increase
Q16: In the new classical model, _.
A) wages
Q19: _ policies do not change aggregate real
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