The Keynesian Explanation of the Business Cycle Is Based on

question 194

Multiple Choice

The Keynesian explanation of the business cycle is based on

• A) the inability of government policy-makers to predict the future course of the economy.
• B) shifts in monetary policy undertaken by the Federal Reserve.
• C) fluctuations in business confidence.
• D) unstable inflationary expectations.

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Definitions:

Antidepressants

Medications prescribed to treat depressive disorders, often by balancing certain neurotransmitters in the brain.

Concise Language

The use of few words without sacrificing clarity, aimed at making written or spoken communication more effective and understandable.

Consistency

The state of being uniform, stable, and consistent in quality or performance over time.

Textile Mills

Industrial sites where natural or synthetic fibers are processed into fabric.