The Key Concept in the New Classical Approach to the Aggregate

question 76

Multiple Choice

The key concept in the new classical approach to the aggregate supply curve is

• A) the impact of imperfect information on business decisions.
• B) the impact of changes in the price level on real money balances.
• C) the inverse relationship between the real interest rate and desired investment spending.
• D) the crowding out of investment spending by government spending.

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