Because Shifts in Aggregate Demand Are Not Viewed as Being

question 102

Multiple Choice

Because shifts in aggregate demand are not viewed as being particularly important to aggregate output fluctuations,they do not see much need for activist policy to eliminate high unemployment. "They" refers to proponents of

• A)the natural rate hypothesis.
• B)monetarism.
• C)the Phillips curve model.
• D)real business cycle theory.

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Definitions:

Pregnancy

The condition of carrying one or more embryos or fetuses within the womb.

Psychological Traits

Enduring characteristics of individuals that influence their behavior and thoughts.

Equal Opportunity Commission

A government body dedicated to enforcing laws that prohibit discrimination in the workplace and ensuring equal employment opportunities for all.

Construct Validity

The extent to which a test or instrument measures the theoretical construct or trait it is intended to measure.