Multiple Choice
No distinction is made between the effects of anticipated and unanticipated policy in ________.
A) traditional Keynesian theory
B) new Keynesian theory
C) real business cycle theory
D) traditional Keynesian and real business cycle theory
Correct Answer:
Verified
Correct Answer:
Verified
Q18: In the real business cycle model,fluctuations in
Q19: One of the primary objections to the
Q20: The policy ineffectiveness proposition of the new
Q21: Discretionary economic policy is not beneficial in
Q22: Expansionary policy only leads to inflation,but does
Q24: In real business cycle models,shifts of the
Q25: If workers sit idly by for a
Q26: Suppose the U.S.government announces that it will
Q27: Research supporting the new Keynesian model finds
Q28: In the new Keynesian model,if an aggregate