Which of the Following Is Not an Aggregate-Demand-Side Explanation of Business

question 221

Multiple Choice

Which of the following is not an aggregate-demand-side explanation of business cycles?

• A) the real-business-cycle theory
• B) the idea of coordination failures
• C) mainstream macroeconomics
• D) monetarism

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Definitions:

Self-defeating

Refers to actions or policies that undermine their own goals or purposes.

Psychological Egoism

A theory suggesting that all human actions are motivated by self-interest, even in what seem to be acts of altruism.

Egotistical

Pertaining to or characterized by excessive self-absorption, often considering oneself superior to others.

Motives

The underlying reasons or incentives that drive a person to act in a particular way or pursue certain goals.