Macroeconomists Tend to Agree on

question 51

Multiple Choice

Macroeconomists tend to agree on

• A)that all business cycles are due to self-fulfilling optimism and pessimism.
• B)approaches to constructing models of economic growth.
• C)the implications of real business cycle theory for government policy.
• D)the usefulness of Keynesian models.
• E)nothing.

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Definitions:

Different Probability

The branch of mathematics concerning the analysis and quantification of the likelihood of various outcomes differing from each other.

Outcome Probabilities

The likelihoods associated with the possible outcomes of a random process or experiment.

Intuitive Judgment

The process of making a decision or reaching a conclusion based on what feels naturally right without explicit reasoning.

Objective Fact

Information verified to be true, independent of personal feelings or opinions.