No distinction is made between the effects of anticipated and unanticipated policy in ________.
A) traditional Keynesian theory
B) new Keynesian theory
C) real business cycle theory
D) traditional Keynesian and real business cycle theory
Question 2
We collapse the consumer's current-period and future-period budget constraints into a single lifetime budget constraint by
A) assuming no default.
B) substituting for savings.
C) eliminating consumption smoothing.
D) assuming the consumer knows the future.
Laboratory mice demonstrate that genetic differences can have profound effects on the propensity to
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Food policy can drive the food industry