In the Keynesian business cycle theory, business cycles begin with changes in
A) consumer sentiment.
B) inflation expectations.
C) the public's expectations about Reserve Bank policies.
D) business confidence.
Correct Answer:
Verified
Q89: Cost- push inflation can start with
A)an increase
Q90: Q91: Suppose oil prices rise. The Reserve Bank Q92: In the real business cycle theory, a Q93: In a demand- pull inflation, money wage Q95: A one- time rise in the price Q96: A demand-pull inflation consists of _ shifts Q97: One assumption of the new classical model Q98: The short- run Phillips curve gives much Q99: Which of the following theories is criticised
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