The Evolution of Macroeconomic Theory

question 21

Multiple Choice

The evolution of macroeconomic theory

• A)usually precedes and causes major macroeconomic events.
• B)usually is in reaction to major macroeconomic events.
• C)is evenly divided between causing and reacting to major macroeconomic events.
• D)proceeds rather independently of major macroeconomic events.

---

Definitions:

Protracted Disputes

Conflicts that are extended and difficult to resolve, often becoming entrenched over time due to the complexity of the issues and the emotions involved.

Recurrence Of Conflict

The phenomenon where conflicts re-emerge or continue over time, often due to unresolved issues or persistent underlying causes.

Alternative Dispute Resolution

A range of processes, such as mediation and arbitration, used to resolve conflicts outside of traditional judicial proceedings.

Conciliation

Conciliation is a conflict resolution process where a neutral third-party helps disputing parties to reconcile and reach a mutually satisfactory agreement, often through improving communication and understanding.