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Which of the following best describes the classical/Keynesian synthesis? a. In the short run we are in the classical world, but in the long run

Which of

the following best describes the classical/Keynesian synthesis? a. In the short run we are in the

classical world, but in the long run we are in the Keynesian world. b. In the short run we are in

the Keynesian world, but in the long run we are in the classical world. c. We are always in the

short run which is characterized by the Keynesian view. d. We are always in the long run, which

is characterized by the classical view. e. The classical and Keynesian schools both share the

same basic view of economic agents engaging in rational, optimizing behavior.

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