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    Macroeconomics Study Set 40
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    Exam 12: U.S. Inflation, Unemployment, and Business Cycle
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    A Key Element of the New Classical Model of the Business
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A Key Element of the New Classical Model of the Business

Question 315

Question 315

Multiple Choice

A key element of the new classical model of the business cycle is


A) sticky prices.
B) rational expectations.
C) a horizontal SAS curve.
D) random fluctuations in technology.

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