According to the New Keynesian View, Upturns and Downturns in Economic

Multiple Choice

According to the new Keynesian view, upturns and downturns in economic activity

A) may represent times when the economy is not at its long-run equilibrium.
B) are always the result of unexpected changes in the money supply.
C) cannot be offset by stabilization policy.
D) are unrelated to movements in aggregate demand.