According to the Classical model,an anticipated fiscal policy
A) cannot affect output and employment.
B) can affect output and employment in the short run.
C) can effect output and employment in the long run.
D) changes labour supply and therefore full-employment level of output.
Correct Answer:
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Q71: Which of the following is true about
Q72: An easy fiscal policy generates
A)multiplier effect only.
B)crowding
Q73: The main difference between the Keynesian and
Q74: The reason for disequilibrium in the short
Q75: The equation Y = Y* + b(P
Q77: The main difference between the short-run and
Q78: The short-run aggregate supply curve is upward
Q79: According to the Keynesian model of nominal-wage
Q80: Which one of the following is NOT
Q81: You are the governor of the Central
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