Which of the Following Models Has as Its Central Idea

question 198

Multiple Choice

Which of the following models has as its central idea that workers and firms have rational expectations?

• A)the monetarist model
• B)the new classical model
• C)the real business cycle model
• D)the new Keynesian model

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Definitions:

Exploitation Competition

Intraspecific competition in which all the individuals in a population “share” the limited resource equally so that at high population densities none of them obtains an adequate amount. Also called scramble competition. Compare with interference competition.

Oscillate

To move or swing back and forth at a regular speed, or to vary between opposing beliefs, feelings, or theories.

Density-dependent Factor

A factor whose effects on the size or growth of the population vary with the population density, such as disease or food supply.

Population Size

The number of individuals belonging to a specific species that live in a designated area.