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:

Incentive

An object, person, or situation perceived as capable of satisfying a need or as desirable for its own sake.

Drive

A condition of arousal in an organism that is associated with a need.

Need

A state of deprivation.

Desire

A strong feeling of wanting or wishing for something to happen or be obtained.