One Important Point on Which New Keynesian and New Classical

question 80

Multiple Choice

One important point on which new Keynesian and new classical economists are in agreement is

• A)that only unexpected changes in policy can affect output.
• B)the importance of policy credibility for determining the response of output to policy.
• C)the irrelevance of policy as output changes are the result of technology shocks.
• D)the inability of the assumption of rational expectations to explain the reactions of businesses and consumers to changes in policy.

Know the modifications in estimates affecting the useful life or residual value of assets and their accounting treatment.

Understand and explain the concept and importance of receivables in financing.

Demonstrate knowledge of how companies manage and collect accounts receivable.

Analyze the effects of different methods of handling bad debts on financial statements.

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Definitions:

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Directional Selection

A type of natural selection in which one extreme phenotype is favored over others, causing the allele frequency to shift over time in that direction.

Quantitative Trait Locus (QTL)

Quantitative trait locus (QTL) is a stretch of DNA that is correlated with variation in a phenotypic trait. These regions contain genes, or are linked to genes, that contribute to population differences in a phenotype.