hbarisk2842 hbarisk2842

04-07-2020
Business

contestada

Consider the following statement: "A consistent countercyclical policy has no effect on employment and output, since individuals will recognize those policies as systematic and will anticipate them correctly." This statement is most closely associated with
Select one:
a. classical theory.
b. Keynesian theory.
c. new classical theory.
d. monetarist theory.

Respuesta :

andromache andromache

05-07-2020

Answer:

c. new classical theory.

Explanation:

The new classical theory belives that grow, countries must open their economies, entrepreneurial development (risk taking), privatize state owned enterprises, and reform labor markets, such as by decreasing the authority of trade unions.

Moreover it also focused that there is no effect on the employment and the result or outcome as individuals recognized the policies in the correct way so that it helps to anticipate them

Hence, the third option is correct

Answer Link

Otras preguntas

19165/[214,000/FastForward had cash inflows from operations of $64,000; cash outflows from investing activities of $48,500; and cash inflows from financing of $

Please answer this correctly

At the local playground, a 21-kg child sits on the right end of a horizontal teeter-totter, 1.8 m from the pivot point. On the left side of the pivot an adult p

Think about the research question: "An abusing partner will be less likely to recidivate if subjected to both formal and informal sanctions than if only experie

Chucky grabbed 11 items in the grocery store that each had a different price and had a mean cost of about $4.44. On his way to the register, he gave in to an im

Sarah has a biased 4sided spinner the spinner can land on 1,2,3,4

A small metal block (shaded block) is released from rest at the level of the top dashed line. It either falls or slides on a frictionless incline to the level o

When a monopolistically competitive market opens up to international trade, each firm produces a greater quantity of output than it did before. Explain why this

Which statement about venation is INCORRECT? Some flowering plants have leaves that lack venation even though the stems and roots have vascular bundles. Venati

Danessa needs to compare the area of one large circle with a diameter of 8 to the total area of 2 smaller circles with a diameter one-half that of the large cir