Question
According to the New Classical Economists, economic agents will form rational expectations. Therefore, any increase in money supply will cause the output and employment return
According to the New Classical Economists, economic agents will form rational expectations. Therefore, any increase in money supply will cause the output and employment return to its initial level even in the short-run. Explain.
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
