According to the New Classical Theory,if the Public Correctly Anticipates

question 126

Multiple Choice

According to the new classical theory,if the public correctly anticipates a government policy to increase aggregate demand,then

• A) there will be a short-run tradeoff between inflation and unemployment,but there will not be a long-run tradeoff.
• B) there will be a long-run tradeoff between inflation and unemployment,but there will not be a short-run tradeoff.
• C) there will be both a long-run and a short-run tradeoff between inflation and unemployment.
• D) there will be neither a long-run nor a short-run tradeoff between inflation and unemployment.
• E) there may be a short-run tradeoff between inflation and unemployment,but one cannot say for certain whether there will be a long-run tradeoff.

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Definitions:

SSD Drive

A storage device that uses integrated circuit assemblies to store data persistently, typically using flash memory, and functioning as secondary storage in the hierarchy of computer storage.

Mechanical Hard Drive

A data storage device that uses mechanical moving parts to read and write digital information, traditionally in the form of a disk.

Graphics Display

The visual output device that displays pictures, videos, and animations, produced by computers and other digital devices.

GPU

stands for Graphics Processing Unit, a specialized electronic circuit designed to rapidly manipulate and alter memory to accelerate the creation of images in a frame buffer intended for output to a display device.