Which of the Following Groups Believes That the Economy Can

question 17

Multiple Choice

Which of the following groups believes that the economy can achieve full employment without inflation through tax reductions, lower resource prices, and deregulation?

• A) Classical school.
• B) Keynesian school.
• C) Neo-Keynesian school.
• D) Rational expectations school.
• E) Supply-side school.

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Definitions:

Singapore

A sovereign city-state and island country in Southeast Asia, known for its strong economy, strict regulations, and as a global financial hub.

Transactions

Financial or physical activities involving the exchange of goods, services, or funds between parties.

Scope of Employment

The range of actions and activities an employee is expected to perform as part of their job.

Plant Nursery

A specialized facility where plants are propagated, grown to a desired age, and then sold for planting elsewhere.