According to _______, the business cycle is the result of aggregate demand growing at a fluctuating rate.
A) the Keynesian, monetarist, and real business cycle theories
B) real business cycle theory
C) the Keynesian, monetarist, and new classical cycle theories
D) only the Keynesian and monetarist cycle theories
E) the Keynesian cycle theory only
Correct Answer:
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Q8: According to the real business cycle theory,
Q9: New Keynesian economists believe that _ is
Q10: The factor leading to business cycles in
Q11: _ states that the main source of
Q12: In new classical cycle theory, _ bring
Q14: The key difference between new classical cycle
Q15: Use the figure below to answer the
Q16: In real business cycle theory, a decrease
Q17: In the Keynesian business cycle theory, business
Q18: The new classical theory argues that the
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