The Keynesian explanation of the business cycle is based on
A) the inability of government policy-makers to predict the future course of the economy.
B) shifts in monetary policy undertaken by the Federal Reserve.
C) fluctuations in business confidence.
D) unstable inflationary expectations.
Correct Answer:
Verified
Q15: Which theory assumes that business cycles occur
Q16: The Keynesian explanation of the business cycle
Q17: Which theory emphasizes frequent changes in investment
Q18: The factor leading to business cycles in
Q19: The factor that leads to business cycles
Q21: In the monetarist business cycle theory, the
Q22: The new classical theory argues that the
Q23: Which of the following is TRUE regarding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents