A Key Difference Between the New Classical and the New

question 264

Multiple Choice

A key difference between the new classical and the new Keynesian views of the business cycle is the role played by

• A) government expenditures on goods and services.
• B) the growth rate of the quantity of money.
• C) unexpected changes in aggregate demand.
• D) expected changes in aggregate demand.

---

Definitions:

Plant Toxins

Naturally occurring poisonous substances produced by plants as a defense mechanism against herbivores and pathogens.

Detect

To find out or determine the presence or existence of something.

Monosaccharides

The simplest form of carbohydrates, consisting of single sugar molecules like glucose and fructose.

Carbon-to-hydrogen

The ratio of carbon atoms to hydrogen atoms in a molecule.