Like the monetarists,new classical economists favor
A) money growth aimed at achieving a nominal GDP target.
B) discretionary policy action.
C) a money growth rate that stabilizes output.
D) a money growth rule that guides monetary policy.
Correct Answer:
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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
Q26: If government policy makers become more secretive,then
Q27: According to the new classical theory,a monetary
Q29: "All available information" in the definition of
Q30: According to new classical economists,
A)deficits should have
Q31: According to Thomas Sargent and other new
Q32: In a move to increase its openness,the
Q33: One similarity between the policy recommendations of
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