One similarity between the policy recommendations of the new classical and monetarist models is that
A) both believe that monetary policy has much stronger employment effects than does fiscal policy.
B) are policy activists.
C) both believe in the natural rate of output.
D) both believe that discretion is preferable to rules.
E) none of the above.
Correct Answer:
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Q28: Like the monetarists,new classical economists favor
A)money growth
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
Q34: New classical economists like Robert Lucas argue
Q35: In an economy with higher and more
Q36: Which of the following would be evidence
Q37: Which of the following statements is (are)correct?
Q38: Regarding fiscal policy,the new classical economists
A)are in
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