Which of the Following Groups Believes That the Economy Can

question 17

Multiple Choice

Which of the following groups believes that the economy can achieve full employment without inflation through tax reductions, lower resource prices, and deregulation?

• A) Classical school.
• B) Keynesian school.
• C) Neo-Keynesian school.
• D) Rational expectations school.
• E) Supply-side school.

---

Definitions:

Longitudinal Study

A research design that involves repeated observations of the same variables over short or long periods of time to detect changes or developments.

Retested

The process of being tested again to verify results or check for changes over time.

Different Ages

Refers to the variety in the chronological ages of individuals within a population, highlighting diversity in stages of life.

Sandwich Generation

A generation of people who care for their aging parents while supporting their own children.