________ highlights the importance of fiscal policy as a determinant of good macroeconomic performance.
A) The real business cycle model
B) The traditional Keynesian model
C) The new Keynesian model
D) Rational expectations
Correct Answer:
Verified
Q52: A belief that demand shocks are an
Q53: Credibility is important to successful anti-inflationary policy
Q54: Long-run aggregate supply shocks are not a
Q55: Expectations are taken to be rational in
Q56: In the new Keynesian model,the immediate effect
Q58: In the long run,does it matter whether
Q59: In the new Keynesian model,the ultimate effect
Q60: In the new Keynesian model,the ultimate effect
Q61: What insights into the macroeconomic consequences of
Q62: One of the primary objections to the
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