One clear triumph for New Classical macroeconomics is its contribution to the analysis of hyperinflation.In bringing extremely rapid inflation to a halt by radical changes in policy,there is generally ________ loss of output,which ________ the Policy Ineffectiveness Proposition.
A)only a modest,supports a mild form of
B)only a modest,completely overturns
C)a major,supports a mild form of
D)a major,completely overturns

Question

Quizplus · Accepted Answer

New Classical macroeconomics has been successful in bringing hyperinflation to a halt by making radical policy changes. This achievement has been made with only a modest loss of output, which supports the mild form of the Policy Ineffectiveness Proposition.

One Clear Triumph for New Classical Macroeconomics Is Its Contribution