Multiple Choice
Under the new classical model,monetary policy can
A) have an effect in both the short and the long run.
B) have an effect on the long run,but not the short run.
C) have an effect only on the short run and only if the policy is unanticipated.
D) have an effect only on the long run and only if the policy is fully anticipated.
Correct Answer:
Verified
Correct Answer:
Verified
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