Both New Keynesian and New Classical Cycle Theories Claim That

question 403

Multiple Choice

Both new Keynesian and new classical cycle theories claim that

• A) animal spirits can trigger a business cycle.
• B) shifts in the SAS curve are the main impulse for a business cycle.
• C) unexpected changes in aggregate demand trigger a business cycle.
• D) expected changes in the quantity of money can trigger a business cycle.

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Definitions:

Population

The entire group of individuals or instances about whom we wish to draw conclusions in a statistical study.

Average

The numerical value representing the central or typical value in a set of data, calculated by dividing the sum of all values by the number of values.

Political Centrists

Individuals or groups who hold moderate political views, advocating neither extreme left nor extreme right ideologies.

Median

A statistical measure representing the middle value in a set of data when it has been arranged in order.