The Neoclassical Synthesis

Multiple Choice

The neoclassical synthesis:

A) held that econometric models of the economy could not be used to predict the future.
B) was the dominant school of thought among economists in the 1950s and 1960s.
C) held that economy always operated at or very near the natural rate of unemployment.
D) was a name coined by Keynes himself for his new theories.
E) rejected virtually all of Keynes' insights.