

MCQOPTIONS
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1. |
Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ? |
A. | economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s |
B. | The classical model to explain the prolonged existence of high unemployment during the Great Depression |
C. | fine tuning during the 1960s |
D. | the economy to grow at a rapid rate during the 1950s |
Answer» C. fine tuning during the 1960s | |