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Questions and Answers
According to the symposium in American Economic Review, what drives the long-term growth of capitalist economics?
According to the symposium in American Economic Review, what drives the long-term growth of capitalist economics?
- Aggregate demand shocks
- Output capacity
- Demand-side
- Supply-side (correct)
What are the short-term fluctuations around the long-term growth trend due to, according to the symposium?
What are the short-term fluctuations around the long-term growth trend due to, according to the symposium?
- Demand-side factors (correct)
- Supply-side factors
- Aggregate demand shocks
- Output capacity
In the short-run, what determines aggregate demand according to the symposium?
In the short-run, what determines aggregate demand according to the symposium?
- Output
- Output and output capacity (correct)
- Prices
- Wages
What do aggregate demand shocks on output reflect, according to the symposium?
What do aggregate demand shocks on output reflect, according to the symposium?
According to the symposium, is there a long-run trade-off between inflation and unemployment?
According to the symposium, is there a long-run trade-off between inflation and unemployment?
According to the symposium, what is the primary target of monetary policy?
According to the symposium, what is the primary target of monetary policy?
What does the symposium suggest is the main driver of long-term growth in capitalist economics?
What does the symposium suggest is the main driver of long-term growth in capitalist economics?
According to the symposium, what determines demand in the short-run?
According to the symposium, what determines demand in the short-run?
What is the relationship between monetary policy and inflation in the long-run, according to the symposium?
What is the relationship between monetary policy and inflation in the long-run, according to the symposium?
What do short-term fluctuations around the long-term growth trend reflect, according to the symposium?
What do short-term fluctuations around the long-term growth trend reflect, according to the symposium?
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