Macroeconomists tend to agree on
A) that all business cycles are due to self-fulfilling optimism and pessimism.
B) approaches to constructing models of economic growth.
C) the implications of real business cycle theory for government policy.
D) the usefulness of Keynesian models.
E) nothing.
Correct Answer:
Verified
Q37: The relationship between the level of
Q38: According to real business cycle theory, the
Q39: In the long run, inflation is caused
Q40: Unemployment, at the aggregate level
A)is avoidable.
B)is zero
Q41: What is produced and consumed in the
Q43: The 1981-82 recession in Canada
A)was caused by
Q44: Since 1870, the typical Canadian
A)became twice as
Q45: When a country has a current account
Q46: When a country has a current account
Q47: Business cycles are
A)similar, and all are created
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