According to mainstream economists the basic determinant of real output, employment, and the price level is:
A) Information and people's expectations
B) The level of aggregate expenditures
C) The incentive to work, save, and invest
D) The supply of money
Correct Answer:
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Q1: The equation of exchange suggests that if
Q2: In the mainstream view, the economic instability
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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