Steve the economist tells his students that one anticipated policy is just like any other-none has any effect on aggregate output.You can probably infer that he is a
A)Keynesian economist.
B)monetarist.
C)proponent of activist policies.
D)new classical economist.

Question

Quizplus · Accepted Answer

Steve the economist's statement is consistent with the beliefs of new classical economists, who argue that anticipated policy changes do not affect aggregate output because individuals and firms respond accordingly and adjust their behavior to offset any expected effects of the policy.

Steve the Economist Tells His Students That One Anticipated Policy