Real business cycle theorists agree with new classical economists that
A) agents maximize utility and form expectations rationally.
B) the labor market do not clear.
C) imperfect information plays a big role in business cycles.
D) Both a and c
Correct Answer:
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Q41: Real business cycle proponents argue that
A)employment is
Q42: Which of the following statements is correct?
Q43: According to new Keyneisan theory,real wages are
Q44: A key element of real business cycle
Q45: New Keynesian economists believe that
A)movements in unemployment
Q47: Which of the following statements is (are)correct?
Q48: In terms of unemployment,hysteresis models try to
Q49: According to efficiency wage models,
A)their key element
Q50: Which of the following models explains why
Q51: Which of the following efficiency wage models
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