The Theory That Dominated Macroeconomic Thinking in the 1960s Was

question 65

Multiple Choice

The theory that dominated macroeconomic thinking in the 1960s was

• A) monetarism.
• B) classical economics.
• C) Keynesian economics.
• D) rational expectations theory.

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Definitions:

Relevant Information

Information that is directly related and useful to the decision-making process.

Vroom-Jago Time-driven

A decision-making model that helps leaders determine how much participation they should allow from their team when making decisions, emphasizing the importance of time in decision-making processes.

Fiedler Contingency

A leadership theory positing that leader effectiveness depends on the situational context, specifically on how well the leader's style matches the situation.

Vroom-Jago Leadership

A decision-making model in leadership that assesses the level of team member participation that is most effective in different situations.