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It Is the Existence of Rigidities Such as Sticky Wages,not

Question 30

Multiple Choice

It is the existence of rigidities such as sticky wages,not adaptive expectations,that explains why ________ policies can affect real output in the ________ model.


A) unanticipated; new classical
B) anticipated; new classical
C) unanticipated; new Keynesian
D) anticipated; new Keynesian

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