A ________ Macroeconomist Believes That the Economy Is Self-Regulating and Always

question 55

Multiple Choice

A ________ macroeconomist believes that the economy is self-regulating and always at full employment. A ________ macroeconomist believes the economy requires active help from fiscal policy and monetary policy to maintain full employment.

• A)Keynesian; new Keynesian
• B)classical; monetarist
• C)classical; Keynesian
• D)new classical; monetarist
• E)monetarist; classical

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Definitions:

Variability

The quality of being subject to change or variation, often in reference to data or environmental conditions.

Ancient Greeks

A civilization belonging to a period of Greek history that lasted from the Archaic period of the 8th/6th centuries BC to 146 BC and the Roman conquest of Greece.

Polytheism

The belief in multiple gods and/or goddesses.

State Societies

Complex social structures characterized by centralized political organization, social stratification, and governance over a specific territory.