Which of the Following Economic Theories Focus on Aggregate Demand

question 80

Multiple Choice

Which of the following economic theories focus on aggregate demand to explain changes in unemployment and inflation?

• A) Classical and supply-side
• B) Keynesian and monetarist
• C) Classical and Keynesian
• D) Classical but not monetarist

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Definitions:

Crepuscular

Crepuscular animals are those that are active primarily during twilight, that is, at dawn and dusk, taking advantage of lower light conditions.

Aposematic Coloration

The conspicuous coloring of a poisonous or distasteful organism that enables potential predators to easily see and recognize it. Also called warning coloration. Compare with cryptic coloration.

Habituation

A simple form of learning where an organism eventually stops responding to a stimulus after repeated exposures, without any reward or punishment.

Worker Bees

Female bees that are not queens and perform all the work tasks necessary for colony survival.