According to the new classical model, a. anticipated declines in aggr

According to the new classical model,

a. anticipated declines in aggregate demand would move output and employment below the full-employment levels.
b. announced declines in aggregate demand do not change output and employment above the full-employment levels.
c. anticipated declines in aggregate supply would only put employment below the full-employment level.
d. unanticipated declines in aggregate demand would cause output and employment to fall below the full-employment levels.
e. both c and d.

 

ANSWER

E

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