Author Question: The level of income is unchanged in response to unanticipated anti-inflation policy in ________. ... (Read 56 times)

acc299 · **on:** Jun 30, 2018

The level of income is unchanged in response to unanticipated anti-inflation policy in ________.

A) real business cycle theory
B) traditional Keynesian theory
C) new Keynesian theory
D) post classical theory

Question 2

Fluctuations in Tobin's q are ________, because ________.

A) frequent and substantial; asset prices are volatile
B) frequent and substantial; replacement costs are volatile
C) infrequent and mild; replacement costs are relatively stable
D) infrequent and mild; the marginal product of capital does not change quickly