Followers of the New Classical Approach Believe That for Stabilization

question 34

Multiple Choice

Followers of the new classical approach believe that for stabilization policies to be effective they must

• A)be unexpected.
• B)be announced before they are implemented.
• C)take the form of monetary policy.
• D)take the form of fiscal policy.

---

Definitions:

Tungsten Lightbulb

A type of incandescent light bulb that uses a tungsten filament to produce light when heated by an electric current.

Candle Power

A measure of light intensity now largely replaced by the metric unit, candela.

Florescent Light

An energy-efficient lighting device using mercury vapor to emit UV light, which then causes a phosphorescent coating to glow.

Ballast Resistor

An electrical resistor used to limit the current flowing through circuits, often found in ignition systems to protect components from overcurrent.