Which of the Following Statements Is (Are)correct? There Is Agreement

question 32

Multiple Choice

Which of the following statements is (are) correct? There is agreement between the Keynesians and monetarists that

• A)an increase in aggregate demand will increase both output and price in the short run.
• B)there is a trade-off between inflation and unemployment in the short run.
• C)in the long run,when the expected price level also has time to adjust,output will not be affected by changes in aggregate demand.
• D)All of the above
• E)None of the above

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Definitions:

Seller Transfers

The act of a seller handing over the rights, responsibilities, and ownership of products or property to the buyer.

Merchant

An individual or company engaged in the business of selling goods or services in the marketplace.

Ordinary Course of Business

Regular and routine operations of a company, including transactions and activities that are normal for the business.

Acceptance Effective

The point in time when an agreement to the terms of an offer is communicated by the offeree to the offeror, resulting in a legally binding contract.