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In the New Classical economic theory a. an anticipated increase in government expenditure has no effect on real output because agents have rational expectations.
In the "New Classical" economic theory a. an anticipated increase in government expenditure has no effect on real output because agents have rational expectations. b. there are no unanticipated changes in government expenditure because agents have rational expectations. c. an unanticipated increase in government expenditure has no effect on real output because agents have rational expectations.
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Essentials of Management
Authors: Andrew J. DuBrin
9th Edition
538478233, 2900538478235, 978-0538478236
