Statement I: According to the Rational Expectations Theory,the Prime Economic

question 85

Multiple Choice

Statement I: According to the rational expectations theory,the prime economic mover is aggregate supply,not aggregate demand.
Statement II: Unlike the "old" classical economists of the 19^th century,the rational expectationists of today believe that government intervention to affect aggregate demand is sometimes necessary.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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