Business Cycle Events That Arise Solely from Aggregate Demand Shifts

question 224

Multiple Choice

Business cycle events that arise solely from aggregate demand shifts are emphasized by the

• A) Keynesian and real business cycle theories.
• B) monetarist and real business cycle theories.
• C) Keynesian and monetarist cycle theories.
• D) none of the major theories.

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Definitions:

Eidetic Memories

The rare ability to recall images, sounds, or objects with extreme precision and detail, often referred to as photographic memory.

Flashbulb Memories

Highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential news was heard.

Elaborative Rehearsals

A technique in memory that involves thinking about the meaning of the information to be remembered, rather than merely repeating the information.

Eyewitness Images

Visual memories recalled by individuals who have directly observed a particular event, often used as evidence in legal contexts.