While much of New Classical macroeconomics is being refuted by the evidence, at least one part of it may be a permanent legacy to all economists. It is the insistence on a certain aspect of macroeconomic policy:
A) It has as much impact on SAS as on AD.
B) It has its impact on nominal and not real variables.
C) People will try to anticipate it and then act accordingly.
D) It has no impact on SAS or AD, but does affect LAS.
C
Economics
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Public choice theory predicts that
a) voters are rationally ignorant b) voters are fully informed about the effects of policies c) governments make choices that achieve an efficient provision of public goods d) votes are based on reality, not perceptions
Economics
There is widespread ____ about the causes of poverty and widespread _____ about how to alleviate poverty.
A. agreement; agreement. B. disagreement; disagreement. C. agreement; disagreement D. disagreement; agreement.
Economics