The real business cycle theory and the new classical theory agree that
A) business cycles are driven by changes in aggregate demand.
B) expectations are formed rationally.
C) imperfect information plays a big role in business cycles.
D) none of the above.
Correct Answer:
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Q30: According to real business cycle theory,business cycles
A)can
Q31: Which of the following statements is (are)correct?
Q32: New Keynesian economists have examined whether real-world
Q33: Real business cycle and new Keynesian models
Q34: Which of the following statements is (are)correct?
A)Real
Q36: The new Keynesian theories of efficiency wages
Q37: New Keynesian theories of efficiency wages imply
A)voluntary
Q38: In the real business cycle theory,during a
Q39: Which of the following models view changes
Q40: In any efficiency wage model,it must be
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