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    Macroeconomics Policy and Practice
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    Exam 22: Modern Business Cycle Theory
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    The Level of Income Is Unchanged in Response to Unanticipated
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The Level of Income Is Unchanged in Response to Unanticipated

Question 14

Question 14

Multiple Choice

The level of income is unchanged in response to unanticipated anti-inflation policy in ________.


A) real business cycle theory
B) traditional Keynesian theory
C) new Keynesian theory
D) post classical theory

Correct Answer:

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