According to the Monetarists and New Classical Economists

Multiple Choice

According to the monetarists and new classical economists,

A) only anticipated monetary policy actions will affect output and employment in the short run.
B) only unforeseen monetary policy actions will affect output and employment in the short run.
C) both anticipated and unanticipated monetary policy actions will affect output and employment in the short run.
D) both anticipated and unanticipated monetary policy actions will affect output but not employment in the short run.
E) none of the above.