Which of the Following About New Classical Macroeconomics Is FALSE

question 33

Multiple Choice

Which of the following about new classical macroeconomics is FALSE?

• A)It returned to the classical view that shifts in the aggregate demand curve affect only the aggregate price level, not aggregate output.
• B)It challenged traditional arguments about the slope of the short-run aggregate supply curve based on the concept of rational expectations.
• C)It suggested that changes in productivity cause economic fluctuations.
• D)It embraced the Keynesian notion that changes in aggregate demand may affect aggregate output in the short run.

Recognize the role of reinforcements (positive and negative) in increasing the likelihood of a behavior.

Differentiate between primary and secondary reinforcers and their use in operant conditioning.

Understand the concept of generalization and discrimination in the context of conditioning.

Understand the relationship between social class and education attainment.

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Definitions:

Panic Disorder

A psychiatric disorder characterized by unexpected and repeated episodes of intense fear accompanied by physical symptoms such as chest pain, heart palpitations, breathlessness, dizziness, or abdominal distress.

Meta-analytic Research

A statistical procedure that integrates the results of several independent studies to arrive at a comprehensive conclusion about a specific research question or effect.

Cognitive Therapy

Cognitive Therapy is a form of psychotherapy that emphasizes the importance of thinking in how we feel and what we do, aiming to change cognitive distortions and self-defeating behaviors.

Behavioral Activation

A therapeutic approach that seeks to help individuals engage more in life through activities that align with their values, as a way to combat depression.