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25. The idea that hysteresis plays a role in macroeconomics implies that A. monetary policy can have an effect on the long-run rate of unemployment.

25. The idea that hysteresis plays a role in macroeconomics implies that

A. monetary policy can have an effect on the long-run rate of unemployment.

B. workers can overreact to changes in monetary policy.

C. stabilization policy is ineffective and counterproductive.

D. fiscal policy is ineffective and counterproductive.

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