A _______Macroeconomist Believes That Business Cycle Fluctuations Are the Efficient

Multiple Choice

A _______macroeconomist believes that business cycle fluctuations are the efficient responses of a well- functioning market economy that is bombarded by shocks that arise from the uneven pace of technological change.A _______ macroeconomist believes that the short- run aggregate supply curve is horizontal at a fixed price level.

A) new classical; new Keynesian
B) monetarist; new classical
C) classical; monetarist
D) Keynesian; new Keynesian
E) new classical; monetarist