_____ Macroeconomists Focused on the _____ Effects of _____ Policy

question 143

Multiple Choice

_____ macroeconomists focused on the _____ effects of _____ policy on the aggregate price level, ignoring any _____ effects on aggregate output.

• A) Keynesian; long-run; monetary; short-run
• B) Classical; short-run; monetary; long-run
• C) Classical; long-run; monetary; short-run
• D) Keynesian; long-run; fiscal; short-run

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Definitions:

Tet Offensive

A major offensive in 1968 by the Viet Cong and North Vietnamese forces during the Vietnam War, marked by a series of surprise attacks during the Tet holiday.

Communist Occupation

The control and governance of a territory and its population by communist forces, typically following military conquest or political takeover.

Clark Clifford

An influential American lawyer and policy advisor, notably serving as White House Counsel and Secretary of Defense during the 20th century.

Student Protesters

Individuals enrolled in educational institutions who engage in demonstrations or protests, often to advocate for political, environmental, or social change.