#1
Which economist is associated with the concept of the 'invisible hand' and the idea that markets are self-regulating?
#2
Which economic theory suggests that business cycles are caused by changes in technological progress and innovation?
#3
According to the classical theory of business cycles, what is the primary cause of economic fluctuations?
#4
Which economic theory emphasizes the role of monetary policy in influencing business cycles and argues that changes in the money supply have a significant impact on economic fluctuations?
#5
In the context of business cycles, what is 'stagflation' characterized by?
#6
What is the primary focus of New Keynesian economics in explaining business cycles?
#7
According to monetarist theory, what is the primary driver of business cycles?
#8
Which economist is known for the idea that 'animal spirits' influence economic decision-making and contribute to business cycles?
#9
Which economist is known for the theory that business cycles are primarily driven by changes in aggregate demand, and advocated for government intervention to stabilize the economy?
#10
In the context of business cycles, what is the 'Phillips curve' primarily associated with?
#11
According to the Austrian business cycle theory, what is the main driver of business cycles?
#12
Which economic theory suggests that business cycles are a result of self-adjusting markets and that government intervention only exacerbates the problem?
#13
Which economic theory suggests that business cycles are mainly caused by external shocks to the economy, such as changes in oil prices or technological advancements?
#14
In the context of business cycles, what is 'creative destruction' associated with?
#15