The Development Most Responsible for the Wide-Spread Introduction of Macroeconomic

question 24

Multiple Choice

The development most responsible for the wide-spread introduction of macroeconomic models built upon solid microeconomic foundations was the

• A) development of the Keynesian coordination failure model.
• B) the work of Milton Friedman.
• C) work of John Maynard Keynes.
• D) popularization of the Solow growth model.
• E) rational expectation revolution.

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Definitions:

Frontal Lobe

The part of the cerebral cortex that lies at the front of the brain, associated with higher cognitive functions such as reasoning, planning, parts of speech, movement, emotions, and problem-solving skills.

Cranial Nerve

Nerve that originates from a nucleus within the brain; there are 12 pairs of cranial nerves.

Trigeminal

Pertaining to the trigeminal nerve, which is the fifth cranial nerve responsible for sensory data from the face and motor functions such as biting and chewing.

Glossopharyngeal

Pertaining to the ninth cranial nerve, which carries sensory information from the back of the throat and taste from the posterior third of the tongue.