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Consider the Following Statement: "A Consistent Countercyclical Policy Has No

Question 111

Multiple Choice

Consider the following statement: "A consistent countercyclical policy has no effect on employment and output, since individuals will recognize those policies as systematic and will anticipate them correctly." This statement is most closely associated with


A) classical theory.
B) Keynesian theory.
C) new classical theory.
D) monetarist theory.

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