Which of the Following Schools of Thought Believe That Expansionary

question 201

Multiple Choice

Which of the following schools of thought believe that expansionary monetary policy is effective in fighting recessions?
I. classical macroeconomics
II. Great Moderation consensus

• A)I only
• B)II only
• C)I and II
• D)neither I nor II

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Definitions:

Revascularization

A medical process aimed at restoring normal blood flow to tissues or organs that have had their blood supply compromised.

Refractory Period

In the sexual response cycle, a period of time following orgasm during which an individual is not responsive to sexual stimulation.

Resolution Phase

The final phase in the sexual response cycle, during which the body slowly returns to its normal level of functioning, and a sense of well-being often occurs.

Incentive

An object, person, or situation perceived as capable of satisfying a need or as desirable for its own sake.