Features of new classical economics

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The outcomes of the Reagan (USA) and Thatcher (UK) deflations in 1980-82 do not support which of the following features of new classical economics?

[1] The policy ineffectiveness proposition.

[2] A zero sacrifice ratio.

[3] The neutrality of money.

[4] The aggregate supply hypothesis.

[5] All of the above

Reference no: EM132449906

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