An unanticipated decline in investment demand within the new classical model will cause
A) the price level to fall with no effect on output.
B) output to fall with no effect on the price level.
C) both the price level and output to fall.
D) no change in either the level of price or output.
Correct Answer:
Verified
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Q8: New classical macroeconomists believe that
A)markets clear each
Q9: According to which of the following models
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Q11: New classical economists
A)accept the monetarist notion that
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