Both New Classical Economists and Monetarists Disagree with Keynesians About

question 36

True/False

Both new classical economists and monetarists disagree with Keynesians about the optimal degree of involvement of the government in determining the equilibrium level of real GDP.

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Definitions:

Social Desirability

The tendency of respondents to answer questions in a manner that will be viewed favorably by others.

Discriminant Validity

A form of validity that ensures a test measures what it is supposed to measure, and not something else, by demonstrating little correlation with variables from which it should differ.

Self-report Inventories

Psychological tests in which individuals provide subjective evaluations or reports of their own behavior, feelings, or attitudes.

Criticisms

The act of expressing disapproval and objections about something, often involving the analysis and judgment of faults or mistakes.