Multiple Choice
Kristin the economist argues that an anticipated monetary expansion will cause aggregate output to increase but believes that aggregate output would increase by an even greater amount if the monetary expansion came as a surprise to everyone.Kristin is probably a
A) new Keynesian.
B) new classical economist.
C) monetarist.
D) Keynesian economist.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: An anticipated increase in the money supply
Q3: The new classical model has the word
Q4: Wage and price rigidities created by long-term
Q5: The Lucas critique is an attack on
Q7: In the new Keynesian model<br>A)wages and prices
Q8: An anticipated increase in the money supply
Q10: The interest rate thought to have the
Q11: Rigidities that diminish wage and price flexibility
Q18: A rise in short-term interest rates that
Q22: Lucas argues that when policies change,expectations will