According to the New Classical Theory, ________ Policy Changes Have

question 155

Multiple Choice

According to the new classical theory, ________ policy changes have no effect on real GDP and according to the new Keynesian theory, ________ policy changes have an effect on real GDP.

• A) expected; expected
• B) unexpected; expected
• C) fiscal; monetary
• D) fiscal; fiscal

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Definitions:

COGS

The Cost of Goods Sold represents the direct expenses related to the production of goods that a company sells.

Accounts Payable

Amounts a company owes to suppliers for goods or services acquired on credit.

Cost of Goods Sold

Directly incurred costs for the production of goods a company sells, encompassing both materials and workforce expenses.

Cash Cycle

is the period between the outflow of cash for raw materials and the inflow of cash from selling goods or services, indicating the efficiency of a company's operations.