Both the New Keynesians and the New Classical Economists Have

question 61

Multiple Choice

Both the new Keynesians and the new classical economists have

• A) agreed that changes in the price level are unrelated to changes in the money supply.
• B) concluded that the U.S. business cycle is dead.
• C) advocated the elimination of the Federal Reserve System.
• D) adopted the theory of rational expectations.
• E) seen their theories become so divergent since the 1960s that they are useless to policy makers.

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Definitions:

Electronic Impulses

Electrical signals used in the transmission or processing of data in various technologies and devices.

Forge's Indorsement

Fabricating or illegally replicating someone's endorsement or signature, often with fraudulent intent. This key-term seems incorrect; assuming it refers to "Forged Endorsement."

Recover

To obtain restitution or compensation for loss or injury through legal proceedings.

Pays The Check

The act of making payment by writing and signing a check that is then converted into a specific amount of money and transferred to the indicated payee.