When Other Things Are Equal and Using the Classical Model

question 168

Multiple Choice

When other things are equal and using the classical model, an increase in the money supply leads to an equal proportional _____ in the aggregate _____, with no effect on aggregate _____.

• A) rise; output; price level
• B) fall; price level; output
• C) rise; price level; output
• D) fall; output; price level

---

Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Cultural Ally

A White person who actively works to eliminate racism.

Oppression

The exercise of authority or power in a burdensome, cruel, or unjust manner against a group or individual.

Microaggression

Subtle, often unintentional, discriminatory comments or actions directed at members of marginalized groups.