New Classical Economists Differ from Traditional Classical Economists Because New

question 63

Multiple Choice

New classical economists differ from traditional classical economists because new classical economists

• A)Focus on budget restraint and the use of monetary policy when the economy overheats.
• B)Believe people's rational expectations will lead them to offset government policy.
• C)Believe that economic failures are inherent in a capitalist economy.
• D)Believe tax cuts and government spending should be used to increase demand and output.

---

Definitions:

Cognitive

Relating to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Motor Skills

Abilities required to perform movements and tasks involving coordination between the brain and the muscles.

Learning Disabilities

refer to a range of neurological differences that affect how an individual understands, remembers, and responds to new information.

Mathematics

Mathematics is the abstract science of number, quantity, and space, either as abstract concepts (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).