In the New Classical Model,stabilization Policies

question 48

Multiple Choice

In the new classical model,stabilization policies

• A)cannot affect output and employment in either the short run or the long run.
• B)affect output and employment only in the short run.
• C)have no effect on output and employment,even in the short run.
• D)affect output and employment only in the long run.

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Definitions:

Secretion

The process by which substances are produced and discharged from cells or glands for a particular function in the organism.

Epithelial

Pertaining to the epithelium, the layer of cells covering internal and external surfaces of the body, including skin, glands, and digestive tract lining.

Electrical Impulses

Signals transmitted by neurons and other cells to communicate information within the body.

Neurons

Electrically excitable cells that process and transmit information through electrical and chemical signals in the nervous system.