Multiple Choice
New classical economics suggests that in the long-run changes in aggregate demand will cause:
A) Only short-run changes in output and employment
B) Long-run changes in output and employment
C) Only short-run changes in the price level
D) No change in output and employment
Correct Answer:

Verified
Correct Answer:
Verified
Q65: Mainstream economists believe that economic instability is
Q79: Monetarists base their assessment of the speed
Q80: Which of the following is the basic
Q81: In the rational expectations view, the best
Q82: Monetarists take the position that monetary policy:<br>A)
Q84: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the
Q86: A mainstream criticism of the rational expectations
Q87: Monetarists and rational expectation theorists believe that
Q88: Mainstream economists contend that the a policy
Q206: If the money supply growth is set