New classical theories were an attempt to explain?

1795EconomicsMedium

AThe increase in the growth rate of real output in the 1950s

Bhow unemployment could have persisted for so long during the Great Depression

CWhy policy changes that are perceived as permanent have more of an impact on a person’s behaviour than policy changes that are viewed as temporary.

Dthe stagflation of the 1970s

Correct answer

D. the stagflation of the 1970s

Explanation

The correct answer is the stagflation of the 1970s.

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