Multiple Choice
Classical economists believe that:
A) monetary policy is not useful in fighting recessions.
B) discretionary fiscal policies are useful for dampening business cycle fluctuations.
C) rational expectations are held by most of the public.
D) short-run goals are more important than long-run goals.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Reduction of interest rates was ineffective in
Q84: According to Keynesian economics, a tax cut
Q182: The Great Moderation consensus is that discretionary
Q188: At the time of the Great Depression,
Q212: The period of relative calm in the
Q213: The experience of the Great Depression led
Q234: Which of the following is FALSE? At
Q239: Which view of macroeconomics holds that a
Q241: Christina believes that shifts in aggregate demand
Q280: The Great Moderation consensus agreement that a