In the View of the New Classical Economists, an Increase

question 82

Multiple Choice

In the view of the new classical economists, an increase in the money supply will affect aggregate output and employment ________.

• A) only if the increase in money supply is anticipated
• B) only if the increase in money supply is expected
• C) only if the increase in money supply is unanticipated
• D) only if the increase in money supply is the result of an announced open market operation