According to New Classical Economics, Short-Run Stabilization Policy Works Only

question 119

True/False

According to new classical economics, short-run stabilization policy works only if it surprises people.

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Definitions:

Operation Rolling Thunder

A campaign of extensive aerial bombing conducted by the United States during the Vietnam War.

NLF Fighters

Members of the National Liberation Front, a South Vietnamese communist-led organization and guerrilla force that fought against the United States and South Vietnamese governments during the Vietnam War.

American Air Base

A military base owned and operated by the United States Air Force located in various countries around the world.

Technological Superiority

The advantage achieved by possessing more advanced technology, allowing entities such as nations or companies to dominate in certain fields or industries.