Both the New Keynesians and the New Classical Economists Have

Multiple Choice

Both the new Keynesians and the new classical economists have

A) agreed that changes in the price level are unrelated to changes in the money supply.
B) concluded that the U.S. business cycle is dead.
C) advocated the elimination of the Federal Reserve System.
D) adopted the theory of rational expectations.
E) seen their theories become so divergent since the 1960s that they are useless to policy makers.