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Author Question: New classical macroeconomics developed from the (Read 68 times)

TFauchery

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Question 1

According to the rational expectation hypothesis, unpredictable shocks may cause


◦ disequilibrium in the labor market.
◦ uncontrollable inflation.
◦ long-lasting recession.
◦ sustained levels of unemployment.

Question 2

New classical macroeconomics developed from the


◦ theoretical and empirical critiques of traditional economics.
◦ discrepancies between classical theory and the Great Depression.
◦ global transition from agrarian to industrial economies.
◦ conversion form closed to open economies.


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Marked as best answer by TFauchery on Apr 19, 2019

rekilledagain

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TFauchery

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rekilledagain

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