Monetarists Believe in Changes in Animal Spirits Are the Factor

question 216

True/False

Monetarists believe in changes in animal spirits are the factor that leads to business cycles.

---

Definitions:

Efficiency

The ability to maximize output with a given set of inputs, or to minimize inputs used for producing a given output.

Personal Income Taxes

Taxes levied on the income of individuals, affecting personal earnings.

Dividends Shareholders

Profits distributed to shareholders of a corporation, typically in the form of cash payments or additional shares of stock.

Payroll Tax

Taxes levied on either employers or employees, often determined as a fraction of the wages that businesses pay to their workforce.