New Classical Economists

question 10

Multiple Choice

New classical economists

• A)accept the monetarist notion that markets are perfectly competitive except for a lack of perfect information.
• B)do accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment.
• C)accept the difference between the short-run and long- run results in the Keynesian analysis of the effects of aggregate demand on output and employment,but not in the monetarist analysis.
• D)accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment,but not in the Keynesian analysis.
• E)Both a and b

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Definitions:

Incivility

Rude, discourteous, or disrespectful behaviour that reflects a lack of regard for others.

Lateral Violence

Physical, verbal, or emotional abuse or aggression directed at coworkers at the same organizational level; also known as horizontal violence or horizontal hostility.

Attentively Listen

The act of actively and fully concentrating on a speaker, comprehending their message, and responding thoughtfully.