________ are non-excludable but rival in consumption

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

Under a flexible exchange rate, an increase in the domestic money supply leads to

A) a devaluation of the domestic currency. B) a revaluation of the domestic currency. C) a depreciation of the domestic currency. D) an appreciation of the domestic currency.