Social Studies, 22.11.2019 22:31 jaxondbagley

Classical economists believe:
a. increases in the money supply will increase output.
b. that inflation is caused by contractionary fiscal policy.
c. prices are flexible.
d. fiscal policy changes are best at controlling the business cycle.
e. that the long-run aggregate supply curve is vertical, but the short-run aggregate supply curve is horizontal.

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Classical economists believe:
a. increases in the money supply will increase output.
...

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