Monetarists and Keynesians agree that expectations are
A) backwards-looking.
B) rational.
C) unstable.
D) forwards-looking.
Correct Answer:
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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
Q20: Discuss the new classical critique of Keynesian
Q21: In the new classical model,stabilization policies
A)cannot affect
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
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