According to the new classical theory, economic policies are
A. effective only if anticipated.
B. ineffective if anticipated.
C. ineffective if unanticipated.
D. ineffective, whether anticipated or unanticipated.
Answer: B
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What is both a necessary and sufficient condition for anything to become money?
A) Metallic backing B) Government fiat C) Acceptability D) A stable price level E) Seignorage
How might the increase in the natural rate of unemployment in Europe be related to the increase in income inequality in the United States?
What will be an ideal response?
Which of the following groups of people is eligible for unemployment insurance?
a. people who were laid off in a recession b. people who have not had a job before c. people who were fired d. people who quit their job
As the housing bubble collapsed, the cycle of defaults and falling prices began that would ultimately cause home values to:
A. stop rising, practically halting the mortgage loan industry for a number of years. B. fall by more than 90 percent in the hardest-hit areas. C. fall by more than 50 percent in the hardest-hit areas. D. fall by about 25 percent in the hardest-hit areas.