New classical economists
a. accept the monetarist notion that markets are perfectly competitive except for a lack of perfect information.
b. do accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment.
c. accept the difference between the short-run and long- run results in the Keynesian analysis of the effects of aggregate demand on output and employment, but not in the monetarist analysis.
d. accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment, but not in the Keynesian analysis.
e. Both a and b
ANSWER
E
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