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Author Question: No distinction is made between the effects of anticipated and unanticipated policy in ________. ... (Read 46 times)

Shelles

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on: Jun 30, 2018
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

Question 2

We collapse the consumer's current-period and future-period budget constraints into a single lifetime budget constraint by
 
  A) assuming no default.
  B) substituting for savings.
  C) eliminating consumption smoothing.
  D) assuming the consumer knows the future.


meltdown117

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


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