Non-activists believe that the IS curve is
A) very flat and that real output is sometimes very sensitive to monetary policy in the short run.
B) very steep and that real output is sometimes very sensitive to monetary policy in the short run.
C) very flat and that real output is not sensitive to monetary policy in the short run.
D) very steep.
Correct Answer:
Verified
Q15: In the early 1970s monetary growth was
Q16: Non-activists are most interested in
A)the short-run level
Q17: The activists' paradise requires
A)that government expenditures follow
Q18: Which of the following multiplier concepts is
Q19: Non-activists believe that the principal source of
Q21: Non-activists believe that postwar instability is primarily
Q22: According to the new classical macroeconomists,each of
Q23: One of describing the debate between activists
Q24: A study of estimated multipliers in the
Q25: Activists-believe that AD is unstable because
A)business and
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