Short notes on interest rate, aggregate supply also money demand.
Provide brief but theoretically sound explanation for every of the following.
a. The relationship between money also prices in the classical system.
b. Elucidate why a tax cut may not necessarily induce substantial increases in private consumptions expenditures.
c. Elucidate why interest rate also money demand are inversely related
d. Elucidate why short run aggregate supply could be horizontal rather than positively sloped