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Economics Mcqs
Q
New classical theories were an attempt to explain ?
AA. How unemployment could have persisted for so long during the great depression
BB. The increase in the growth rate of real output in the 1950s
CC. The stagflation of the 1970s
DD. Why policy changes that are perceived as permanent have more of an impact on a personβs behaviour than policy changes that are viewed as temporary.
Correct Answer:
C. C. The stagflation of the 1970s