Multiple Choice
According to new classical economists,when monetary and fiscal policies are __________ anticipated,people form their expectations __________,and wages and prices are __________,the policy ineffectiveness proposition (PIP) results.
A) correctly; adaptively; inflexible
B) correctly; rationally; flexible
C) incorrectly; adaptively; inflexible
D) incorrectly; rationally; flexible
E) correctly; rationally; inflexible
Correct Answer:
Verified
Correct Answer:
Verified
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