According to Mainstream Macroeconomists, U

question 156

Multiple Choice

According to mainstream macroeconomists, U.S. macro instability has resulted from

• A) investment "booms" and "busts" and, occasionally, adverse aggregate supply shocks.
• B) adherence by the Fed to a monetary rule.
• C) government's attempts to balance its budget.
• D) wide fluctuations in net exports.

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Definitions:

Placebo

A substance with no therapeutic effect, often used as a control in testing new drugs.

Participants' Expectations

The beliefs or assumptions held by individuals participating in a study or activity about what will happen, which can influence their behavior and the outcomes.

Experiments

A method of scientific investigation involving the manipulation of variables to test a hypothesis and observe the effects, often used to establish cause-and-effect relationships.

Representative

Someone or something that serves as a typical example of a group, class, or quality.