According to Thomas Sargent and other new classical economists, ...

[daltonest1984]

According to Thomas Sargent and other new classical economists,
 
  a. a credible policy to provide low stable money growth can exist with a fiscal policy that generates large deficits.
  b. a credible policy to provide low stable money growth cannot coexist with a fiscal policy that generates large deficits.
  c. there is no need for a credible, noninflationary monetary policy to control the government budgetary deficit.
  d. None of the above

Question 2

Policymakers utilize gross domestic product figures
 
  a. to monitor recessions and expansions.
  b. as a means to measure welfare.
  c. to observe long-run growth trends.
  d. Both a and c
  e. All of the above

[briseldagonzales]

Answer to Question 1

B

Answer to Question 2

E