Which of the following statements is (are) correct? According to real business cycle theory,
A) the desirable monetary policy would appear to be one that results in a slow steady growth in the money supply and,thus,stable prices.
B) there is some role for activist monetary stabilization policy of a Keynesian type.
C) changes in aggregate demand cannot impact output.
D) Both a and b
E) Both a and c
Correct Answer:
Verified
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