During the 1970s and 1980s, macroeconomists were busy integrating ...

[Deast7027]

During the 1970s and 1980s, macroeconomists were busy integrating the insights of which of the following into their ideas about the economy?
 
  A) real business cycle theory
  B) Keynesian theory
  C) supply side economics
  D) classical macroeconomics
  E) none of the above

Question 2

If the IS curve is relatively steep, then
 
  A) there can be no long-run tradeoff between inflation and unemployment.
  B) monetary policy cannot be very effective in changing GDP.
  C) rational expectations theory is probably correct.
  D) Ricardian equivalence most likely holds.
  E) budget deficits will not affect future capital accumulation.

[ASDFGJLO]

Answer to Question 1

E

Answer to Question 2

B

[Deast7027]

Thank you

[ASDFGJLO]

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