The New Classical Cycle Theory Views Anticipated Fluctuations in Aggregate

question 66

True/False

The new classical cycle theory views anticipated fluctuations in aggregate demand as the main source of business cycle economic fluctuations.

---

Definitions:

Cingulate Gyrus

A curved fold covering the corpus callosum, involved in emotion formation and processing, learning, and memory.

Hippocampus

A major component of the brain in humans and other vertebrates, associated with memory formation and spatial navigation.

Thalamus

A structure in the brain that relays sensory and motor signals to the cerebral cortex, and is involved in controlling consciousness and alertness.

Frontal Lobe

One of the four major divisions of the cerebral cortex, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.