The belief that neither monetary nor fiscal policy can reduce unemployment is consistent with _____ economics.
A) Keynesian
B) classical
C) rational expectations
D) Great Moderation consensus

Question

Quizplus · Accepted Answer

The belief that neither monetary nor fiscal policy can reduce unemployment is consistent with classical economics, which emphasizes the role of supply-side factors in determining economic outcomes and the limited ability of government intervention to stabilize the economy.

The Belief That Neither Monetary nor Fiscal Policy Can Reduce