Mainstream Economists Question the New Classical Assumption That

question 261

Multiple Choice

Mainstream economists question the new classical assumption that

• A) excessive growth of the money supply is a cause of inflation.
• B) the price level is determined by aggregate demand and aggregate supply.
• C) demand creates its own supply.
• D) wages and prices are equally flexible upward and downward.

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Definitions:

Motion To Suppress

A formal request made to a court to exclude certain evidence from being considered during a trial on the grounds that it was improperly obtained.

Pretrial Motion

A written or oral request made to a court by a party before the trial begins, seeking a ruling or order on a particular matter.

Motion For Discovery

A legal request made to a court by a party in a lawsuit to obtain information or documents from the opposing party.

Formal Charge

The official accusation made against a person by authorities, initiating legal action.