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Which of the following is/are not part of new Keynesian policies? [1] A more flexible labour market where the power of labour is reduced. [2]
Which of the following is/are not part of new Keynesian policies?
[1] A more flexible labour market where the power of labour is reduced.
[2] Flexible monetary and fiscal policy rules in order to anchor the economy.
[3] Monetary policy interventions to combat severe aggregate demand or supply shocks to the economy.
[4] Smoothing out the upswings and downswings of the business cycle.
[5] Inflation targeting.
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