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Which of the Following Describes the Keynesian Approach to the Business

Question 259

Multiple Choice

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.


A) I only
B) III only
C) I and II
D) II and III

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