Multiple Choice
An expansionary monetary policy will cause aggregate output to expand in the new classical macroeconomic model
A) if the policy is unanticipated.
B) if the policy is anticipated.
C) only after a long and variable lag,provided the policy is anticipated.
D) never; output will never expand in the new classical model when monetary policy is changed.
Correct Answer:
Verified
Correct Answer:
Verified
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