The Keynesian Explanation of the Business Cycle Rests on Several

question 409

Multiple Choice

The Keynesian explanation of the business cycle rests on several concepts, including

• A) rigid money wage rates.
• B) unstable monetary policy by the Fed.
• C) shocks to the rate of technological change.
• D) the desire of politicians to be re-elected.

---

Definitions:

Çatalhöyük

An ancient, large Neolithic and Chalcolithic proto-city settlement in southern Anatolia, notable for its unique architecture and cultural artifacts.

Early Cities

Urban centers that emerged in various parts of the world during ancient times, characterized by their significant populations, economic activities, and social complexities.

Bronze Age

A period in human history characterized by the use of bronze, proto-writing, and other early features of urban civilization, dating from around 3300 to 1200 BCE.