According to economists who support passive policymaking
A. workers always consider a change in nominal wages to be a change in real wages.
B. policies that attempt to exploit the Phillips curve trade-off will eventually become ineffective for reducing unemployment.
C. there is no difference between the effect of an anticipated change in aggregate demand and the effect of an unanticipated change in aggregate demand of an identical amount.
D. expansionary policies can reduce unemployment without increasing the price level.
Answer: B
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