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    The Economics of Money Banking Study Set 4
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    Exam 25: Rational Expectations: Implications for Policy
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    ________ Policies Do Not Change Aggregate Real Output or the Unemployment
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________ Policies Do Not Change Aggregate Real Output or the Unemployment

Question 21

Question 21

Multiple Choice

________ policies do not change aggregate real output or the unemployment rate in the ________ model.


A) Anticipated; new Keynesian
B) Unanticipated; new Keynesian
C) Anticipated; new classical
D) Unanticipated; new classical

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