MCQOPTIONS
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| 1. |
Real business cycle and new Keynesian models disagree upon |
| A. | Whether people form their expectations rationally |
| B. | Whether changes in unemployment are voluntary or involuntary |
| C. | Whether individuals engage in optimizing behavior at all times |
| D. | Whether changes in the money supply affect output in the long-run |
| Answer» C. Whether individuals engage in optimizing behavior at all times | |