Those who hold the classical view of the labor market are likely to believe that ?

Aggregate Supply, Unemployment And Inflation 14/05/2021

A. neither monetary nor fiscal policy will have an effect on output and employment
B. monetary but not fiscal policy will have an effect on output and employment
C. Fiscal, but not monetary policy will have an effect on output and employment
D. both monetary and fiscal policy will have an effect on output and employment

Related Mcqs:

    The expectations augmented Phillips curve was the Work of which group of economists ?
    A. New classical economists B. Keynesian. C. Monetarists D. Marxists....
    An unspoken agreement between workers and firms that the firm will not cut wages is known as ?
    A. an implicit or social contract B. a relative-wage contract C. employment at will D. an explicit contract...
    In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?
    A. the long-run aggregate demand curve is horizontal at the natural rate of inflation B. the long run aggregate demand curve is vertical at potential GDP C. the long run aggregate demand curve is vertical at potential GDP D. The long run supply curve is horizontal at the natural rate of inflation...
    During Periods of rising inflation and rising interest rates we expect the demand for real cash to ?
    A. rise B. fall C. not changes D. fluctuates...
    The Phillips curve shows the trade-off between _____ and _____?
    A. the inflation rate, interest rates B. the inflation rate, the unemployment rate C. interest rates, output D. output, employment...

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