Which of the following is not an aggregate-demand-side explanation of business cycles?
A) the real-business-cycle theory
B) the idea of coordination failures
C) mainstream macroeconomics
D) monetarism
Correct Answer:
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Q36: Assume monetary equilibrium exists-that is, the desired
Q37: The equation of exchange suggests that, if
Q38: Monetarists believe the private economy is inherently
A)
Q39: In the equation of exchange, the nominal
Q40: In the real-business-cycle theory,
A) declines in real
Q42: New classical economists say that an unanticipated
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