In real business cycle theories, changes in tastes are most frequently assumed to be the reason for changes in potential GDP.
Correct Answer:
Verified
Q32: A macroeconomic theory that stresses the fact
Q33: When firms are at full capacity, real
Q34: When the unemployment rate drops below the
Q35: When the unemployment rate is equal to
Q36: Economic fluctuations are largely a result of
Q38: If capacity utilization is 98 percent,
A)the unemployment
Q39: Why are most economists skeptical about the
Q40: Changes in the factors that underlie potential
Q41: An expected change in any of the
Q42: Why are most short-term forecasts based on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents