Which of the following statements best characterizes the Keynesian view of business cycles?
A) Fluctuations in business activity occur in regular and predictable patterns that cannot be altered.
B) Fluctuations in business activity are to be expected and should be accepted just as changes in the seasons are accepted.
C) Business cycles are symptoms of underlying problems and should be dealt with through activist government policies.
D) The appropriate macroeconomic policy can easily eliminate all fluctuations in business activity.
Correct Answer:
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Q52: The secular trend growth rate is the:
A)rate
Q53: Which of the following statements best characterizes
Q54: The growth trend in the graph shown
Q55: Business cycles are generally considered in:
A)the short-run
Q56: If U.S. real GDP increases by 3.3
Q58: In September 2010, the NBER's Business Cycle
Q59: Which of the following countries, or groups
Q60: The business cycle is:
A)the term used to
Q61: The business cycle consists of several stages
Q62: Technological change is most likely to affect:
A)structural
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