Question 16. Why do neoclassical economists tend to put relatively more emphasis on long-term growth than on fighting recession? a) government focuses more on recession and cyclical unemployment b) upward trend of potential GDP determines the rate of inflation c) standard of living is ultimately determined by long-term growth d) price and wage stickiness is reasonable in the short run

Question 16. Why do neoclassical economists tend to put relatively more emphasis on long-term growth than on fighting recession?
a) government focuses more on recession and cyclical unemployment
b) upward trend of potential GDP determines the rate of inflation
c) standard of living is ultimately determined by long-term growth
d) price and wage stickiness is reasonable in the short run

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