In the rational expectations model, government control over aggregate demand
a. can affect real output only if policies are unexpected.
b. has potential to change real output as long as aggregate supply is vertical.
c. gives it the ability to change real output and employment.
d. does not influence the economic behavior of individuals.
a
Economics
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Which of the following concepts is not included in the study of macroeconomics?
a. The unemployment level b. The inflation rate c. The real income d. The profit-maximizing condition e. The role of government
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