The Policy Ineffectiveness Proposition of the New Classical Model Suggests

question 20

Multiple Choice

The policy ineffectiveness proposition of the new classical model suggests that ________.

• A)unanticipated policy has no effect on the business cycle
• B)anticipated policy can have an effect on the business cycle
• C)anticipated policy has no effect on the business cycle
• D)legislative policy initiatives have little effect if the executive branch of government is in the hands of another political party

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Definitions:

Cultural Differences

Variations in the beliefs, values, habits, norms, and behaviors among different cultures.

Stage Theories

Theories that describe human development, intelligence, and other psychological functions as occurring in distinct phases or stages.

Specified Stages

Distinct phases or steps in a process or development that are clearly defined or identified.

Discontinuities

Breaks, interruptions, or abrupt changes in a sequence, process, or continuum.