The Group of Economists Who Believed That the Macroeconomy Worked

question 97

Multiple Choice

The group of economists who believed that the macroeconomy worked very well on its own were

• A) microeconomists
• B) macroeconomists
• C) classical economists
• D) Keynesian economists
• E) Marxist economists

---

Definitions:

Present Value Factors

The factors used to calculate the present value of a future amount of money or stream of cash flows, given a specific discount rate.

Long-term Lease Obligation

A financial commitment that involves leasing an asset for a long-term period, noted on the balance sheet as a liability.

Capital Lease

A Capital Lease is a lease agreement that has the characteristics of a purchase agreement for accounting purposes.

Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return.