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:

Human Capacity

The potential or ability inherent in humans to think, learn, adapt, and engage in complex activities.

Fête Galante

French, “gallant [outdoor] party.”

Antoine Watteau

A French painter whose works reflected the Rococo style, known for his lyrical views of aristocratic life, marked by fluidity and use of gentle colors.

Upper Classes

The social group at the top of a societal hierarchy, often possessing significant wealth, power, and influence.