Given the following statements about major schools of thought in macro economics, state which ones are correct :
A. The New Keynesians assume Rational Expectation and market imperfections and highlight the role of aggregate demand.
B. The Monetarists assume Rational Expectation, non-competitive markets and highlight the role of monetary policy.
C. The New Classicals assume Rational Expectation, competitive markets and highlight policy irrelevance.
D. The Classicals assume a competitive, and frictionless economy and highlight policy ineffectiveness.
E. The Keynesians assume wage and price flexibility and highlight policy effectiveness.
Choose the correct answer from the options given below:
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