Multiple Choice
A ________ macroeconomist believes that business cycle fluctuations are the efficient responses of a well-functioning market economy that is bombarded by shocks that arise from the uneven pace of technological change. A ________ macroeconomist believes that the short-run aggregate supply curve is horizontal at a fixed price level.
A) new classical; monetarist
B) classical; monetarist
C) Keynesian; new Keynesian
D) new classical; new Keynesian
E) monetarist; new classical
Correct Answer:
Verified
Correct Answer:
Verified
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