In Gordon's early presentation of the IS-LM and AD/SRAS/LRAS models,macro policy was assumed to have ________ effects on aggregate demand.
A)immediate and certain
B)immediate but uncertain
C)delayed but certain
D)delayed and uncertain

Question

Quizplus · Accepted Answer

In Gordon's early presentation, macro policy was assumed to have immediate and certain effects on aggregate demand, reflecting a more classical view of economic policy effectiveness.

In Gordon's Early Presentation of the IS-LM and AD/SRAS/LRAS Models,macro