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Author Question: The classically-based models (classical, new classical, monetarist, real business cycle) all agree ... (Read 152 times)

Arii_bell

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on: Jun 30, 2018
The classically-based models (classical, new classical, monetarist, real business cycle) all agree that
 
  a. markets always clear.
  b. monetary policy can affect output in the short-run but not the long-run.
  c. changes in aggregate drive most changes in output.
  d. stabilization policy is ineffective.
  e. None of the above

Question 2

Some economists argue that unemployment compensation increases the natural rate of unemployment because it increases the amount of time people spending finding new work while without work.
 
  Additionally, it makes unemployment more visible with the steady growth in urbanization. Indicate whether the statement is true or false


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ebonylittles

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

D

Answer to Question 2

True


Arii_bell

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Reply #2 on: Jun 30, 2018
Thank you :)


ebonylittles

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Reply #3 on: Jun 30, 2018
Happy to help you


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