If the neoclassical argument that the economy always moves back to potential GDP is accepted, then which of the following will be more important?
A. encouraging higher wages
B. fighting unemployment
C. fighting recession
D. encouraging long-term growth
Answer:D
If the neoclassical argument that the economy always moves back to potential GDP is accepted, then which of the following will be more important?
A. encouraging higher wages B. fighting unemployment C. fighting recession D. encouraging long-term growth
Explanation: Type: Multiple Choice