The classically-based models (classical, new classical, monetarist, real business cycle) all agree that
a. markets always clear.
b. monetary policy can affect output in the short-run but not the long-run.
c. changes in aggregate drive most changes in output.
d. stabilization policy is ineffective.
e. None of the above
D
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As a person increases his or her caloric intake, the person's weight increases, ceteris paribus. The relationship between the person's caloric intake and the person's weight is an example of
A) unrelated variables. B) a positive relationshi
The change in the quantity demanded of any good is always caused by:
a. a change in consumers' preferences for that good. b. a change in the general income levels of the consumers who buy that good. c. an increase or decrease in the population. d. a change in the price of that good. e. a change in the price of substitute goods.