Discuss the new classical critique of Keynesian stabilization policy.
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Q15: Explain the new classical theory explanation of
Q16: In the view of the new classical
Q17: Aggregate supply in the new classical aggregate
Q18: In the new classical view,an anticipated decrease
Q19: According to new classical model,real wages
A)rise when
Q21: In the new classical model,stabilization policies
A)cannot affect
Q22: Monetarists and Keynesians agree that expectations are
A)backwards-looking.
B)rational.
C)unstable.
D)forwards-looking.
Q23: When expectations are rational,
A)a foreseen expansionary policy
Q24: Keynesians disagree with the new classical model
Q25: In the rational expectations model
A)markets are perfectly
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