In a Story from HYPERLINK "Http://www

question 109

Multiple Choice

In a story from HYPERLINK "http://www.ft.com/" www.ft.com (1/31/2005) describing Ireland's transformation to a prosperous economy it was noted that "Ireland's story is unique: a small, English- speaking, non- industrialised country on the edge of Europe was able to secure structural funds from the EU, cut taxes, ... and attr of foreign companies in the process." As these policies were implemented investment steadily incr in Ireland.
The best describes the business cycle in Ireland.

• A) Keynesian cycle theory
• B) Phillips curve theory
• C) monetarist cycle theory
• D) new classical cycle theory

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Definitions:

Neutrality

The state of not supporting or helping either side in a conflict or disagreement; impartiality.

Power

The capability to guide or affect the actions of people or the direction of happenings.

Knowledge

Information, understanding, or skill that one gets through experience or education; the theoretical or practical understanding of a subject.

Foucault

Michel Foucault, a French philosopher known for his studies on power, social institutions, and the relationship between knowledge and control.