The Austrian View of the Business Cycle Stresses That

question 61

Multiple Choice

The Austrian view of the business cycle stresses that

• A)expansionary monetary policy will stimulate aggregate demand and thereby promote lengthy economic expansions.
• B)the velocity of money is constant and therefore an increase in the quantity of money will lead only to a proportional increase in the general level of prices.
• C)expansionary monetary policy will lead to higher interest rates that will retard investment and throw the economy into a recession.
• D)the interest rate is one of the most important prices and manipulation of the interest rate by monetary policy-makers is a major source of economic instability.

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Error Training

A rephrased definition for Error-Management Training: An educational approach that emphasizes learning through the acknowledgment and analysis of errors, facilitating skill development and problem-solving abilities.

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Training methods designed to reduce mistakes by emphasizing the avoidance of errors during learning and practice.

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