Which Theory of the Business Cycle Emphasizes Initiating Changes in Aggregate

question 115

Multiple Choice

Which theory of the business cycle emphasizes initiating changes in aggregate supply?

• A) the Friedman "fooling" theory
• B) the real business cycle theory
• C) the Keynesian theory
• D) the new classical theory

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Definitions:

NLF Fighters

Members of the National Liberation Front, a South Vietnamese communist-led organization and guerrilla force that fought against the United States and South Vietnamese governments during the Vietnam War.

American Air Base

A military base owned and operated by the United States Air Force located in various countries around the world.

Technological Superiority

The advantage achieved by possessing more advanced technology, allowing entities such as nations or companies to dominate in certain fields or industries.

Communist Forces

Designates military or political groups that adhere to principles of communism, aiming for a classless society and communal ownership of property.