Before the Development of Expectations Theory

question 78

Multiple Choice

Before the development of expectations theory,

• A) monetary policy prescriptions were strictly passive.
• B) monetary policy had no real effects in the short run.
• C) monetary policy prescriptions were strictly activist.
• D) monetary policy only had real effects in the long run.
• E) economists did not understand the idea of sticky prices.

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While Loop

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Printf Method

A method used in various programming languages for formatted output, where it allows the programmer to specify the formatting of the output by using placeholders within a string.

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Java Statement

An instruction in Java that the Java Virtual Machine can execute, such as variable declarations, loops, or method calls.