The real-business-cycle theory holds that business fluctuations are caused by
A) factors affecting aggregate demand.
B) incorrectly anticipated government stabilization policies.
C) significant changes in technology and resource availability.
D) "stop-and-go" monetary policies.
Correct Answer:
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Q26: If the money supply is constant when
Q28: When most consumers and firms reduce spending
Q29: If the nominal GDP is $477 billion
Q30: New classical economists
A)stress the importance of federal
Q31: Assume that many households and businesses reduce
Q32: According to real-business-cycle theory,
A)monetary factors affecting aggregate
Q36: Monetarists say
A)that, because P is stable, a
Q37: Monetarists believe the private economy is inherently
A)unstable
Q46: According to new classical economists, the
A) short-run
Q57: The real-business-cycle theory
A) is a monetarist view
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