Which of the following groups rejects the view that government policy can reduce the rate of unemployment even in the short run because that policy would be undermined by people's incorporation of the anticipated consequences of the policy into their present decisions?
a. classical school
b. Keynesian school
c. neo-Keynesian school
d. rational expectations school
e. supply-side school
D
Economics
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The depth of the 1981-1982 recession caused the Fed to abandon its experiment in targeting ________ and move to what now appears to be ________ growth rule
A) money growth, an interest rate B) money growth, a real GDP growth C) money growth, an unemployment rate D) interest rates, a high-powered money growth E) interest rates, a nominal GDP growth
Economics
How is inflation related to interest rates?
What will be an ideal response?
Economics