The Defining Feature of the Classical View of Macroeconomics Is

question 100

Multiple Choice

The defining feature of the classical view of macroeconomics is that the economy is

• A)rarely at full employment.
• B)driven by expectations called "animal spirits."
• C)self-regulating and always at full employment.
• D)constantly bombarded by shocks that arise from the uneven pace of technological change.
• E)the most significant influence on aggregate demand is expectations.

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Definitions:

U.S. Army

The land warfare service branch of the United States Armed Forces, responsible for land-based military operations.

Race

A social construct used to categorize humans based on physical and genetic traits, often leading to systemic biases.

Ethnicity

A collective term that refers to groups of people who identify with each other based on shared cultural traits, such as language, religion, and ancestry.

Constructing Categories

The process of creating classifications for individuals, objects, or concepts based on observed traits, behaviors, or other definable characteristics.