In the mainstream view, the economic instability brought about by "oil shocks" works through changes in:
A) Aggregate demand
B) Wage and price inflexibility
C) Money supply
D) Aggregate supply
Correct Answer:
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Q1: The equation of exchange suggests that if
Q3: According to mainstream economists the basic determinant
Q4: The equation of exchange indicates that:
A) MQ
Q5: From the mainstream perspective, instability in the
Q6: From a monetarist perspective, instability in the
Q7: In the monetarist view:
A) Changes in investment
Q8: In the mainstream view, one major source
Q9: Which of the following is the basic
Q10: Mainstream economics views monetary policy as a:
A)
Q11: Given the equation of exchange, if V
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