New classical economists believe that the classical model a. ...

[khang]

New classical economists believe that the classical model
 
  a. with the rational expectations assumption added provides a role for activist stabilization policies.
  b. is a poor starting point to construct new macroeconomic models.
  c. with the rational expectations assumption substituted for the perfect information assumption provides a starting point for constructing useful macroeconomic models.
  d. is equivalent to the monetarist model.
  e. both c and d.

Question 2

In the postwar era, the federal budget has typically been ________.
 
  A) balanced
  B) in surplus
  C) in deficit
  D) the largest component of Gross Domestic Product

[Laurenleakan]

Answer to Question 1

B

Answer to Question 2

C

[khang]

YES! Correct, THANKS for helping me on my review

[shewald78]

Thanks for the timely response, appreciate it