_____ School of Thought Would Most Likely Be Associated with the Statement

question 1

Multiple Choice

_____ school of thought would most likely be associated with the statement: "When wages are rigid, changes in output result in small changes in goods market prices and a relatively flat aggregate supply curve."

• A)The traditional Keynesian
• B)The modern Keynesian
• C)The Monetarist
• D)The classical
• E)The new classical

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Definitions:

Federal Government

The national government of a federated state, which is responsible for certain functions such as defense and monetary policy.

Inflation

The growth rate in the general cost of goods and services, causing a downturn in the power to make purchases.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers.

Dale Carnegie Institute

An educational institution offering courses in leadership, public speaking, sales, and personal development, based on the principles of its founder, Dale Carnegie.