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The Defining Feature of the Classical View of Macroeconomics Is

Question 100

Multiple Choice

The defining feature of the classical view of macroeconomics is that the economy is


A) rarely at full employment.
B) driven by expectations called "animal spirits."
C) self-regulating and always at full employment.
D) constantly bombarded by shocks that arise from the uneven pace of technological change.
E) the most significant influence on aggregate demand is expectations.

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