The Theory That Dominated Macroeconomic Thinking in the 1960s Was

question 65

Multiple Choice

The theory that dominated macroeconomic thinking in the 1960s was

• A) monetarism.
• B) classical economics.
• C) Keynesian economics.
• D) rational expectations theory.

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Definitions:

Net Working Capital

The discrepancy between a firm's immediate assets and liabilities, reflecting its short-term fiscal well-being and operational effectiveness.

Depreciation

The systematic allocation of an asset's cost over its useful life to account for wear and tear, obsolescence, or decline in value.

Intangible Asset

Assets that are not physical in nature, such as patents, copyrights, trademarks, and goodwill.

Tangible Asset

A physical asset that can be touched and seen, such as buildings, machinery, or inventory.