Which of the Following Statements Is Correct Concerning the Views

question 68

Multiple Choice

Which of the following statements is correct concerning the views of new Keynesians and new classicals concerning the short-run effects of an unexpected increase in aggregate demand?

• A)New classical economists believe that unexpected increases in aggregate demand affect only prices.
• B)New Keynesian economists believe that unexpected increases in aggregate demand affect only output.
• C)Both new Keynesian and new classical economists believe that unexpected increases in aggregate demand affect only output.
• D)Both new Keynesian and new classical economists believe that unexpected increases in aggregate demand affect both output and prices.

---

Definitions:

Traditional Male

A societal role that includes norms, behaviors, and expectations historically associated with masculinity, often emphasizing strength, independence, and aggressiveness.

Gender Typing

The process by which individuals come to adopt behaviors, values, and attitudes considered appropriate for their gender in a given culture.

Freudian Psychology

A branch of psychology founded by Sigmund Freud that emphasizes the importance of unconscious processes and childhood experiences in shaping behavior and personality.

Cognitive Neuroscience

The interdisciplinary study of the brain activity linked with cognition including perception, thinking, memory, and language.