The Classical Model Differs from the Keynesian Model in That

question 41

Multiple Choice

The classical model differs from the Keynesian model in that

• A)monetary policy does not impact output in the Keynesian model.
• B)the classical model focuses on the long-run and the Keynesian model focuses on the short-run.
• C)fiscal policy is more powerful in the classical model than in the Keynesian model.
• D)the classical model believes monetary policy is a powerful impact on output and fiscal policy is not.
• E)None of the above

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Definitions:

South Carolina

A U.S. state in the southeastern region, known for its shoreline of subtropical beaches and marshlike sea islands, rich in American history and culture.

Army of the Potomac

The principal Union Army in the Eastern Theater of the American Civil War, known for its significant battles and campaigns against the Confederate Army.

General McClellan

A major general during the American Civil War, known for his cautious approach and conflict with President Abraham Lincoln.

Richmond

Richmond is the capital city of the Commonwealth of Virginia in the United States, known for its historical significance in American history.