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New Classical Economists

Question 11

Multiple Choice

New classical economists


A) accept the monetarist notion that markets are perfectly competitive except for a lack of perfect information.
B) do accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment.
C) accept the difference between the short-run and long- run results in the Keynesian analysis of the effects of aggregate demand on output and employment,but not in the monetarist analysis.
D) accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment,but not in the Keynesian analysis.
E) Both a and b

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