According to New Classical Economists Who Adhere to the Policy

question 6

Multiple Choice

According to new classical economists who adhere to the policy irrelevance proposition,

• A)monetary policy can effectively reduce the rate of unemployment in the short run.
• B)workers are not rational in the long run.
• C)the Phillips curve actually slopes upward,not downward as traditionally assumed.
• D)expansionary monetary policy will only lead to a higher rate of inflation in the long run.

---

Definitions:

Family History

The genetic, health, and social history of an individual's family, which can influence personal health risks and conditions.

Chronic Pain

Persistent or recurring pain that lasts for extended periods, often beyond the expected period of healing.

Vulvodynia

Chronic pain or discomfort around the vulva (opening of the vagina) for which there is no definable cause and which lasts at least 3 months.