In the classical model, potential output cannot be increased by ?

Related Mcqs:

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

A. New classical economists B. Keynesian. C. Marxists D. Monetarists...

The Phillips curve is a graph showing the relationship between ?

A. the price level and the unemployment rate B. the inflation rate and the unemployment rate C. the level of aggregate output and the price level D. the inflation rate and the level of aggregate demand...

If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?

A. voluntary unemployment B. classical unemployment C. voluntary unemployment D. Frictional unemployment...

All the following are types of monetary policy expect ?

A. a nominal money stock target B. a balanced budget C. an inflation target D. The pursuit of a target real interest rate...

The AD schedule indicates that _______ inflation is associated with ________ output?

A. higher, lower B. higher, higher C. lower, lower D. zero, zero...