Both New Keynesian and New Classical Cycle Theories Claim That

question 12

Multiple Choice

Both new Keynesian and new classical cycle theories claim that

• A)animal spirits can trigger a business cycle.
• B)shifts in the SAS curve are the main impulse for a business cycle.
• C)unexpected changes in aggregate demand trigger a business cycle.
• D)expected changes in the quantity of money can trigger a business cycle.
• E)a change in the price of oil is the major cause of a business cycle.

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Definitions:

Whole Child Concept

An educational approach that values nurturing all aspects of a child's development, including physical, emotional, social, and cognitive growth.

Intellectual Ability

Refers to the capacity to think, reason, solve problems, and learn, often measured through IQ tests or other cognitive assessments.

Social Ability

The skill to interact and communicate effectively with others in social settings.

Bronfenbrenner

Urie Bronfenbrenner developed the Ecological Systems Theory to explain how the inherent qualities of a child and the characteristics of the external environment which the child finds himself in interact to influence how the child will grow and develop.