The Idea That Hysteresis Plays a Role in Macroeconomics Implies

question 53

Multiple Choice

The idea that hysteresis plays a role in macroeconomics implies that

• A)monetary policy can have an effect on the natural rate of unemployment.
• B)workers can overreact to changes in monetary policy.
• C)stabilization policy is ineffective and counterproductive.
• D)fiscal policy is ineffective and counterproductive.

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