The New Classical Explanation of Aggregate Supply Is Also Known

question 74

Multiple Choice

The new classical explanation of aggregate supply is also known as

• A) monetarism.
• B) Keynesianism.
• C) the misperception theory.
• D) the adaptive expectations theory.

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Definitions:

Simple Interest

Interest is calculated merely on the principal or on what part of the principal is still owed.

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the face value and maturing at par.

Interest Rates

The percentage of a sum of money charged for its use or paid to investors over a period.

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the par value and paying no interest before maturity.