Classical Macroeconomists Recommend

question 133

Multiple Choice

Classical macroeconomists recommend

• A)policies that actively offset changes in long-run aggregate supply that result in negative economic growth.
• B)an increase in the quantity of money to offset decreases in aggregate demand and a decrease in the quantity of money to offset increases in aggregate demand.
• C)policies that actively offset changes in aggregate demand that bring recession.
• D)policies that minimize the disincentive effects of taxes on employment, investment, and technological change.
• E)all of the above

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Definitions:

Preconventional

The first level in Kohlberg's stages of moral development, where moral reasoning is based primarily on the outcomes of actions and external consequences.

Accommodation

The cognitive process of revising existing cognitive schemas, perceptions, and understanding to incorporate new information.

Assimilation

The process by which individuals or groups adopt the culture and norms of another group, often losing their original identity.

Attribution

A belief concerning why people behave in a certain way.