New classical economists a. accept the monetarist notion that ...

[jwb375]

New classical economists
 
  a. accept the monetarist notion that markets are perfectly competitive except for a lack of perfect information.
  b. do accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment.
  c. accept the difference between the short-run and long- run results in the Keynesian analysis of the effects of aggregate demand on output and employment, but not in the monetarist analysis.
  d. accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment, but not in the Keynesian analysis.
  e. Both a and b

Question 2

The condition, MRSC,C' = 1 + r, describes the representative consumer's
 
  A) investment decision.
  B) consumption - savings decision.
  C) current period work - leisure decision.
  D) future period work - leisure decision.

[Shshxj]

Answer to Question 1

E

Answer to Question 2

B