In the View of the New Classical Economists, an Increase

question 82

Multiple Choice

In the view of the new classical economists, an increase in the money supply will affect aggregate output and employment ________.

• A) only if the increase in money supply is anticipated
• B) only if the increase in money supply is expected
• C) only if the increase in money supply is unanticipated
• D) only if the increase in money supply is the result of an announced open market operation

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Definitions:

Humanistic Psychologist

A professional in psychology who emphasizes the study of the whole person and the uniqueness of individual experience and potential.

Behaviorist

A psychologist who studies and practices behaviorism, focusing on observable behaviors and disregarding mental activities.

Libido

A term used in psychoanalytic theory to describe the energy of the sexual drive as a component of the life instinct.

Synapse

The junction between neurons where nerve impulses are transmitted from one neuron to another.