Changes in real GDP reflect only changes in the amounts being produced

Unemployed U.S. residents who are, in effect, merely searching for work between jobs, are defined as

A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.

Which of the following groups believes that stabilization policy can have some short-run success, but cannot sustain that success into the long run?

a. classical school b. Keynesian school c. neo-Keynesian school d. rational expectations school e. supply-side school