Both new Keynesian and new classical cycle theories claim that
A) a change in the price of oil is the major cause of a business cycle.
B) expected changes in the quantity of money can trigger a business cycle.
C) unexpected changes in aggregate demand trigger a business cycle.
D) shifts in the SAS curve are the main impulse for a business cycle.
E) animal spirits can trigger a business cycle.
Correct Answer:
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Q2: Which business cycle theory emphasizes that, because
Q3: Which of the following are business cycle
Q4: The _ cycle theory states that only
Q5: According to _ theory, a decrease in
Q6: Which of the following is not a
Q7: The key ripple effect in real business
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
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