Examlex

Solved

Which of the Following Is True About New Keynesian Economics

question 54

Multiple Choice

Which of the following is true about new Keynesian economics?
I. It incorporates monetarist ideas about the importance of monetary policy.
II. It incorporates new classical ideas about the importance of aggregate supply.
III. It includes a greater use of microeconomic analysis in macroeconomic analysis than Keynesian economics.
IV. Unlike Keynesian economics, it is opposed to active stabilization policies.


Definitions:

Discipline

A field of study or branch of knowledge; also, the practice of training people to obey rules or a code of behavior.

Inquiry

The process of seeking information or understanding by questioning.

Community Of Scholars

A group of academicians and researchers who collectively contribute to and advance the knowledge and understanding in a particular field of study.

Commitment

A pledge or promise to do something, often implying a strong emotional or intellectual devotion and engagement with a particular cause, activity, or person.

Related Questions