The Keynesian Explanation of the Business Cycle Is Based on

question 146

Multiple Choice

The Keynesian explanation of the business cycle is based on

• A) the inability of government policy- makers to predict the future course of the economy.
• B) shifts in monetary policy undertaken by the Federal Reserve.
• C) unstable inflationary expectations.
• D) fluctuations in business confidence.

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Definitions:

Abnormal Behavior

Behaviors that deviate significantly from societal norms or expectations, often resulting in distress or functional impairment.

Adulthood

The period in an individual's life after they have reached physical maturity, marked by increased independence and responsibility.

Sigmund Freud

Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Inferiority

A feeling of lower standing compared to others, which can stem from real or perceived shortcomings and can motivate efforts to improve oneself or lead to feelings of resignation.