New Classical Economists See the Economy as Incapable of Self-Correction

question 209

True/False

New classical economists see the economy as incapable of self-correction when disturbed and
pushed away from its full-employment level of real output.

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Definitions:

Priming

A technique in psychology used to train or influence an individual's subconscious mind by exposing them to a particular stimulus prior to another task, affecting their response to it.

Behavior Research

The study of actions and reactions of individuals and groups in various contexts, typically to understand the underlying mechanisms of behavior.

Mixed Results

Outcomes of a study or research that do not clearly support the hypothesis or show inconsistent findings between different measures or samples.

Preexisting Schema

A cognitive framework or concept that helps organize and interpret information, based on prior experiences and knowledge.