A difference between the new classical and monetarist models is that e
A difference between the new classical and monetarist models is that expectations in the new classical model are _____ while they are _____ in the monetarist model
a. forward looking; backward looking.
b. rational; adaptive.
c. correct; mistaken.
d. perfectly competitive; imperfectly competitive.
e. both a and b.
ANSWER
E
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