The concept of 'Narrative Economics' associated with Robert Shiller emphasises:
A. Only the role of fundamental factors
B. The role of popular stories and narratives in driving economic fluctuations
C. The complete irrelevance of stories
D. Only the role of monetary policy
Answer: Option B
Solution (By JKSSB Mock Tests)
Narrative economics studies how contagious popular stories and narratives spread and influence economic behaviour, contributing to booms, recessions and other major economic events.
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