In the Coordination Failure Model,business Cycles Can Be Caused by Events

question 34

Multiple Choice

In the coordination failure model,business cycles can be caused by events that are completely unrelated to economic fundamentals such as

• A) climate.
• B) business and consumer confidence.
• C) preferences, endowments and technology.
• D) countercyclical government policy.
• E) politics.

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Definitions:

Accumulate Possessions

The process of gradually gathering or collecting items, assets, or wealth over time.

Schizophrenia

is a severe mental disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Disturbances in Thought

Disruptions or abnormalities in the way one organizes, processes, or understands thoughts, often associated with psychological conditions.

Language

The communication of information by means of symbols arranged according to rules of grammar.