Multiple Choice
_____ believe that a government that takes an active role in the economy may do more harm than good because economic policy operates with a long and variable lag.
A) Traditional Keynesians
B) Keynesians
C) Monetarists
D) Classical economists
E) New classical economists
Correct Answer:
Verified
Correct Answer:
Verified
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Q91: What is the main difference between new
Q92: New Keynesians argue that a decrease in
Q93: Assume that workers have perfect information about
Q95: Milton Friedman in his book on consumption
Q96: Traditional classical economists believe that:<br>A)wage rates are
Q97: New classical economists believe that wages are
Q98: According to the monetarists, government intervention can
Q99: New classical economists believe that:<br>A)market failure on