In the Coordination Failure Model,we Mention Sunspots Because

question 13

Multiple Choice

In the coordination failure model,we mention sunspots because

• A) they influence business cycles.
• B) apparently irrelevant events may influence business cycles.
• C) in central banker speak, they are synonymous with open market operations.
• D) seasonal sunshine has an impact on the business cycle.

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Definitions:

Federal Government

The national government of a federal country, which holds the central political authority.

Abolition

The action of abolishing a system, practice, or institution, such as slavery or capital punishment.

Private Property

Ownership of assets (land, buildings, goods) by individuals or corporations, legally protected by the government.

Karl Marx

A 19th-century philosopher, economist, and social scientist best known for his theories about capitalism and communism.