Author: Anonymous

According to macroeconomic theory, evidence that high unemployment may be accompanied by low inflation, and low unemployment may be accompanied by high inflation is supported by the:  

Which of the following represents a Keynesian point of view of macroeconomics?

In the neoclassical model, the AS curve shifts to the right over time as_______________________ and potential GDP expands.

The neoclassical perspective on macroeconomics emphasizes that in the long run, the economy seems to rebound back to its _____________ and its ____________________.

In the neoclassic model, economic growth over time shifts potential GDP and the ______________ gradually to the right.  

From a neoclassical view, which of the following is less important?

The neoclassical view holds that long-term expansion of potential GDP due to _______________________ will determine ____________________.

Which of the following government policies would be supported by neoclassical macroeconomic assumptions?

 When an economy is experiencing higher real interest rates, business firms will most likely be discouraged from investing in:  

Which of the following is a distinguishing characteristic of the neoclassical view?