Multiple Choice
The new classical model has as its central idea that
A) wage and price stickiness explain fluctuations in real GDP.
B) workers and firms have rational expectations.
C) the Federal Reserve should adopt a monetary growth rule.
D) shifts in aggregate demand have no impact on real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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Q185: Figure 13-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-2
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