Critics of the new classical macroeconomics argue that
A) the necessary information for firms to formulate rational expectations is not generally available.
B) deviations from the natural rate of unemployment are too small and transitory to have resulted from purely unexpected events.
C) the theory neglects the slow and adaptive manner in which wages and prices adjust, thus extending the duration of a business cycle.
D) markets clear too rapidly and continuously for individuals and firms to plan effectively.
E) the natural rate of unemployment stated in the assumptions of the new classical macroeconomic theory is too high to be of much use to policy makers.

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The Answer of Critics of the new classical macroeconomics argue that
A) the necessary information for firms to formulate rational expectations is not generally available.
B) deviations from the natural rate of unemployment are too small and transitory to have resulted from purely unexpected events.
C) the theory neglects the slow and adaptive manner in which wages and prices adjust, thus extending the duration of a business cycle.
D) markets clear too rapidly and continuously for individuals and firms to plan effectively.
E) the natural rate of unemployment stated in the assumptions of the new classical macroeconomic theory is too high to be of much use to policy makers.

Critics of the New Classical Macroeconomics Argue That