According to real business cycle theorists, in modern times, economic fluctuations can largely be attributed to
A) immigration policies that increased the supply of labor.
B) advancements in technology.
C) the entry of more college graduates in the labor market.
D) large scale unemployment.
Correct Answer:
Verified
Q96: Increased labor demand will result in
A) lower
Q97: The level of output produced when the
Q98: The extent of the decline in output
Q99: The level of potential output in the
Q100: Potential output in an economy decreases as
Q102: If there was an adverse technological shock
Q103: The real business cycle theory emphasizes that
Q104: Recall the Application about European soccer stars
Q105: The argument that raising the employment tax
Q106: Suppose that technological advancement makes labor more
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