The Defining Feature of the Classical View of Macroeconomics Is

question 100

Multiple Choice

The defining feature of the classical view of macroeconomics is that the economy is

• A)rarely at full employment.
• B)driven by expectations called "animal spirits."
• C)self-regulating and always at full employment.
• D)constantly bombarded by shocks that arise from the uneven pace of technological change.
• E)the most significant influence on aggregate demand is expectations.

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Definitions:

Lungs

The primary organs of the respiratory system, responsible for gas exchange where oxygen is absorbed and carbon dioxide is released.

Heart

A muscular organ responsible for pumping blood through the circulatory system.

Anatomical Position

A standardized stance in human anatomy where the body is erect, the feet are slightly apart, arms are at the sides, and the head and palms face forward.

Palm

The inner part of the hand extending from the wrist to the bases of the fingers.