Suppose that forecasters have incorrectly estimated aggregate demand. According to the__________ , this mistake could trigger a business cycle.
A) the monetarist cycle model
B) Keynesian cycle model
C) the new classical cycle model
D) the real business cycle model
Correct Answer:
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Q252: According to the new Keynesian cycle theory
Q253: A larger than expected increase in aggregate
Q254: Which of the following are TRUE?
I. New
Q255: According to the new classical theory,_ policy
Q256: Both the new classical and new Keynesian
Q258: Which business cycle theory emphasizes that, because
Q259: The new Keynesian cycle theory of the
Q260: Suppose that the Federal Reserve is expected
Q261: Which theory views fluctuations in productivity as
Q262: According to the real business cycle theory,
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