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The rule of 70 says that with inflation of 10% per annum prices will double in about 7 years

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In modern Keynesian​ analysis, an increase in aggregate demand will result inA.an increasein output and no change in the price level.B.an increasein both the price level and output.C.a decreasein both the price level and output.D.an increasein the price level and no change in output.E.a decreasein the price level and an increase in output.

Which statement describes the neoclassical perspective?In the neoclassical perspective, aggregate demand will determine output at potential GDP, unemployment is determined by the natural rate of unemployment churned out by the forces of supply and demand in the labor market, and shifts in aggregate supply are the primary determinant of changes in the price level.In the neoclassical perspective, aggregate supply will determine output at potential GDP, unemployment is determined by the natural rate of unemployment churned out by the forces of supply and demand in the labor market, and shifts in aggregate demand are the primary determinant of changes in the price level.In the neoclassical perspective, aggregate supply will determine output at potential GDP, unemployment is determined by the natural rate of unemployment churned out by the forces of supply and demand in the labor market, and shifts in aggregate supply are the primary determinant of changes in the price level.In the neoclassical perspective, aggregate demand will determine output at potential GDP, unemployment is determined by the natural rate of unemployment churned out by the forces of supply and demand in the labor market, and shifts in aggregate demand are the primary determinant of changes in the price level.

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