Which School of Thought Believes That Real GDP Always Equals

question 406

Multiple Choice

Which school of thought believes that real GDP always equals potential GDP?

• A) only classical
• B) only Keynesian
• C) Monetarist
• D) both Keynesian and classical

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Social Stigma

The disapproval or discrimination against an individual or group based on perceivable social characteristics that serve to distinguish them from other members of a society.

Identity

The understanding of oneself as a unique individual, including one's beliefs, values, and personality traits.

Devalued

Reduced in worth or perceived importance.