The Factor Leading to Business Cycles in the ________ Cycle

question 68

Multiple Choice

The factor leading to business cycles in the ________ cycle theory is unexpected fluctuations in aggregate demand while in the ________ cycle theory both unexpected and expected fluctuations in aggregate demand are factors that lead to business cycles.

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

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Definitions:

Jawaharlal Nehru

The first Prime Minister of India, serving from 1947 until 1964, and a central figure in Indian politics before and after independence.

Domino Theory

A Cold War-era belief that if one country fell to communism, neighboring countries would also succumb, one after another, like a row of falling dominoes.

Baby Boom

The significant increase in birth rates observed in various countries, particularly in the United States, following World War II, leading to substantial demographic changes.

Sloanism

A reference to Alfred P. Sloan's management style at General Motors, focusing on a decentralized organization and a strategy of offering a car "for every purse and purpose."