The Classical Model

question 186

Multiple Choice

The classical model

• A) is another name for the short-run macro model
• B) was developed to explain the long period of poor economic performance during the Great Depression
• C) is an attempt to explain why the economy tends to perform rather well over long periods of time
• D) is believed by most economists to be a better explanatory model for short-term,rather than long-term,economic performance
• E) was not really accepted as a legitimate economic theory until the 1950s

---

Definitions:

Protestant Associators

Protestant Associators were groups of Protestant soldiers or civilians who banded together during periods of religious conflict, particularly in the 16th and 17th centuries, to defend their faith and interests against perceived Catholic opponents.

William and Mary

Refers to the reign of King William III and Queen Mary II, who jointly ruled England, Scotland, and Ireland from 1689 after the Glorious Revolution.

Maryland

A state in the Mid-Atlantic region of the United States, known for its significant historical sites and diverse geography.

Timucua Indians

A grouping of Native American tribes inhabiting Northern Florida and Southern Georgia, known for their complex societies and interaction with European settlers.