Multiple Choice
Classical economists believed that
A) government intervention was necessary to stabilize the economy.
B) movements away from the natural rate of output were only temporary.
C) monetary policy was ineffective.
D) monetary impotence would make fiscal policy necessary to bring the economy out of a depression.
Correct Answer:
Verified
Correct Answer:
Verified
Q69: Suppose the aggregate demand curve shifts rightward
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Q78: Figure 7-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 7-5
Q79: Classical macroeconomists believed that a market-based economy