The policy ineffectiveness proposition of the new classical model suggests that ________
A) unanticipated policy has no effect on the business cycle
B) anticipated policy can have an effect on the business cycle
C) anticipated policy has no effect on the business cycle
D) legislative policy initiatives have little effect if the executive branch of government is in the hands of another political party
C
Economics
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When a product is taxed,
A) part of the initial consumer surplus goes to the government as revenue. B) part of the initial consumer surplus becomes a deadweight loss. C) the producer surplus never changes because consumers pay taxes, not producers. D) Both answers A and B are correct. E) Both answers B and C are correct.
Economics
What is a fixed exchange rate and how is its value fixed?
What will be an ideal response?
Economics