Economics-Macroeconomics

Business

Quiz 12 :

The Business Cycle, Inflation, and Deflation

Quiz 12 :

The Business Cycle, Inflation, and Deflation

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Suppose that managers forecasted a large decline in expected sales and profits and so their confidence plummets. According to the ________, this forecast might start a business cycle.
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A

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Business cycle events that arise solely from aggregate demand shifts are emphasized by the
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C

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In 2008, when a recession started, the growth of government expenditures on goods and services doubled compared to its growth in 2007. According to the aggregate demand theories of the business cycle
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B

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Which of the following is NOT an aggregate demand, mainstream theory of the business cycle?
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In the Keynesian business cycle theory, business cycles begin with changes in
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Fluctuations in business confidence is the factor leading to business cycles in the
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For monetarists, the main cause of economic fluctuations is represented by changes in
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The ________ states that the main source of economic fluctuations is volatile business confidence.
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Keynes used the term "animal spirits" to represent
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One model of the business cycle claims that volatile business confidence is the primary factor in starting a business cycle. This model is the
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Which of the following describes the Keynesian approach to the business cycle? I. Unanticipated shocks to aggregate supply drive expansions and recessions. II. The Keynesian theory is a real business cycle model of the economy. III. A decrease in business confidence can trigger a recession.
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Based on the Keynesian theory of the business cycle, if the economy is at its full-employment equilibrium and aggregate demand increases then
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Which of the following are business cycle theories that regard fluctuations in aggregate demand as the factor that is creating business cycles? I. Keynesian cycle theory II. real business cycle theory III. monetarist cycle theory
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Keynesians believe that
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Which theory assumes that business cycles occur because of changes in business confidence?
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The Keynesian explanation of the business cycle rests on several concepts, including
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Which theory emphasizes frequent changes in investment because of "animal spirits" as the main source of economic fluctuations?
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The factor leading to business cycles in the Keynesian model is
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The factor that leads to business cycles within the Keynesian cycle theory is
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The Keynesian explanation of the business cycle is based on
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