In the View of the New Classical Economists, an Increase

question 82

Multiple Choice

In the view of the new classical economists, an increase in the money supply will affect aggregate output and employment ________.

• A) only if the increase in money supply is anticipated
• B) only if the increase in money supply is expected
• C) only if the increase in money supply is unanticipated
• D) only if the increase in money supply is the result of an announced open market operation

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Definitions:

Self-Discipline

The ability to control one's feelings and overcome one's weaknesses by adhering to a set of rules or a code of behavior.

Conscientiousness

A fundamental personality trait characterized by organization, dependability, efficiency, and goal-directed behavior.

Altruism

A selfless concern for the well-being of others, often resulting in acts of kindness or generosity without expectation of personal gain.

Agreeableness

A personality trait characterized by compassion and cooperativeness toward others, part of the Big Five personality model.