The View That Business Cycles Are the Natural (Indeed Efficient)response

question 49

Multiple Choice

The view that business cycles are the natural (indeed efficient) response of the economy to changes in technology and the availability of resources is associated with the

• A) new Keynesians.
• B) traditional Keynesians.
• C) monetarists.
• D) adaptive demand siders.
• E) real business cycle theorists.

---

Definitions:

Depression

A common and serious mood disorder that negatively affects how an individual feels, thinks, and handles daily activities.

Insomnia

Insomnia is a sleep disorder characterized by difficulty falling or staying asleep.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Competence

The ability or skill to do something successfully or efficiently, often achieved through learning and practice.