Multiple Choice
Which of the following is true about new Keynesian economics?
I. It incorporates monetarist ideas about the importance of monetary policy.
II. It incorporates new classical ideas about the importance of aggregate supply.
III. It includes a greater use of microeconomic analysis in macroeconomic analysis than Keynesian economics.
IV. Unlike Keynesian economics, it is opposed to active stabilization policies.
A) I and III only
B) II and III only
C) I, II, and III only
D) I, II, III, and IV
Correct Answer:
Verified
Correct Answer:
Verified
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