After the Glorious Revolution​

question 28

Multiple Choice

After the Glorious Revolution​

• A)the number of English migrants increased.​
• B)the number of Scots and Irish migrants decreased.
• C)the number of English migrants decreased.
• D)the English crown encouraged the migration of English-born workers to the colonies in order to create a productive economy in the colonies.
• E)None of these are correct.

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Definitions:

Rational Expectations

The hypothesis that individuals form forecasts about the future based on all available information in a way that is consistent with the actual structure of the economy.

Active Stabilization Policy

Economic policies aimed at minimizing business cycle fluctuations through fiscal and monetary interventions by the government.

Money Supply

The total amount of money available in an economy at a particular time, including cash, coins, and balances held in checking and savings accounts.

Expected Price Level

This term represents the anticipated average price of goods and services in an economy over a certain period.