Points 0 points 0 the price level will fall but real

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the price level will fall, but real GDP will not change. both GDP and the price level will decrease. 64. Multiple Choice: Figure: Classical Versus Keynesian Ma... Question Figure: Classical Versus Keynesian Macroeconomics Reference: Ref 18-1 (Figure: Classical Versus Keynesian Macroeconomics) Refer to the information in the figure. According to the classical view, if this economy shifts from AD 2 to AD 1 , perhaps because of a large increase in government spending: Points: 0
65. Multiple Choice: The General Theory of Employment, Int... Question The General Theory of Employment, Interest, and Money , written by _______ and published in _______, transformed the way economists thought about macroeconomics.
66. Multiple Choice: The General Theory of Employment, Int... Question The General Theory of Employment, Interest, and Money was: Answer the first economics textbook of the 1980s. Points: 0
67. Multiple Choice: Keynesian economics stresses the role... Question Keynesian economics stresses the role of: Answer aggregate demand. aggregate supply. the long run. both aggregate demand and the long run. Points: 0
68. Multiple Choice: _______ was a _______ economist who b... Question _______ was a _______ economist who believed that _______ in wages and prices could block adjustments to full employment. Points: 0
69. Multiple Choice: The idea of sticky wages and prices i... Question The idea of sticky wages and prices is most closely associated with:
70. Multiple Choice: Keynesian economics placed its emphas... Question Keynesian economics placed its emphasis on the: Points: 0
71. Multiple Choice: Which one of the following statements... Question Which one of the following statements is TRUE? Answer Keynes treated short-run macroeconomics as a minor issue. Keynes emphasized the short-run effects of shifts in aggregate demand on aggregate output, employment, and prices, whereas the classical economists focused on the long-run determination of the aggregate price level. The classical economists believed that the short-run aggregate supply curve was upward sloping. The classical economists emphasized the short-run effects of shifts in aggregate demand on aggregate output, whereas Keynes focused on the long-run determination of the aggregate price level.

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