In the New Classical Macroeconomic Model Developed by Lucas and Sargent,expansionary

question 56

Multiple Choice

In the new classical macroeconomic model developed by Lucas and Sargent,expansionary macropolicies affect aggregate output

• A)only when the macropolicy change is anticipated.
• B)only when the macropolicy change is unanticipated.
• C)only after a long and variable lag,provided the policy is anticipated.
• D)relatively quickly,provided the policy is anticipated.

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