Explain the new classical proposition of "policy ineffectiveness".
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Q1: In the new classical model,an anticipated increase
Q2: The concept of "rational expectations" is consistent
Q3: Define the concept of "rational expectations".Do rational
Q4: Which of the following statements about the
Q6: The Federal Reserve has increasingly become more
Q7: Explain what is meant by an auction
Q8: New classical macroeconomists believe that
A)markets clear each
Q9: According to which of the following models
Q10: In the new classical model,an unanticipated increase
Q11: New classical economists
A)accept the monetarist notion that
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