Keynes used the term "animal spirits" to represent
A) the ease of forecasting.
B) fluctuations in business confidence.
C) investment based on hard facts about the future.
D) changes in people's consumption expenditures.
Correct Answer:
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Q18: An increase in the natural unemployment rate
Q19: Q20: According to real business cycle (RBC)theory, a Q21: According to the real business cycle theory, Q22: Which theory emphasises frequent changes in investment Q24: Phillips curves show the relationship between the Q25: Which of the following factors could start Q26: Real business cycle economists claim that the Q27: If the RBA responds to an initial Q28: Which of the following pieces of evidence
A)expected
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