In a Study Published in 1963,Milton Friedman and Anna Schwartz

question 30

Multiple Choice

In a study published in 1963,Milton Friedman and Anna Schwartz found that in every business cycle they studied over nearly a hundred-year period

• A)the growth rate of the money supply decreased before output decreased.
• B)interest rates decreased before output decreased.
• C)the growth rate of federal government spending decreased before output decreased.
• D)the growth rate of state and local government spending decreased before output decreased.

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Definitions:

Richard Ryan

A clinical psychologist often associated with the Self-Determination Theory, which he co-developed with Edward Deci, focusing on human motivation and personality in social contexts.

Edward Deci

A prominent psychologist known for his research on human motivation, especially related to self-determination theory and intrinsic motivation.

Self-Determination Theory

A theory of motivation that emphasizes the role of intrinsic values and the need for autonomy, competence, and relatedness in fostering motivation.

Theory of Flow

A psychological concept describing a state where individuals are fully immersed and engaged in an activity, leading to optimal performance and enjoyment.