According to the New Classical Macroeconomists,the Only Government Policy Changes

Multiple Choice

According to the new classical macroeconomists,the only government policy changes that can have a substantial impact on output or employment are those that

A) are announced well in advance.
B) involve large budget deficits.
C) are discretionary, rather than adhering to a rule.
D) are unanticipated by businesses and households.
E) are designed to control wages and prices.