Which of the Following Describes the Keynesian Approach to the Business

question 259

Multiple Choice

Which of the following describes the Keynesian approach to the business cycle?
I. Unanticipated shocks to aggregate supply drive expansions and recessions.
II. The Keynesian theory is a real business cycle model of the economy.
III. A decrease in business confidence can trigger a recession.

• A) I only
• B) III only
• C) I and II
• D) II and III

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Definitions:

Team Functioning

This involves the processes and mechanisms by which a group of individuals work together effectively to achieve a common goal.

Shared Mental Models

Team members share identical information about how they should interact and what their task is.

Collective Efficacy

The shared belief in the ability of a group to achieve common objectives and influence events in their lives.

Group Cohesiveness

The strength of the relationships linking members of a group, affecting its performance and member satisfaction.