Real business cycle theorists think that most business cycle fluctuations are caused by shocks to
A) the production function.
B) the size of the labour force.
C) the real quantity of government purchases.
D) the spending and saving decisions of consumers.
Correct Answer:
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Q2: Which one of the following is an
Q3: Which of the following is an example
Q4: A real shock to an economy will
Q5: The distinction between real and nominal shocks
Q6: Real business cycle theory is unable to
Q7: When RBC economists compare the correlations in
Q8: When RBC economists compare the volatility in
Q9: An adverse supply shock would directly _
Q10: A temporary adverse productivity shock would
A)shift the
Q11: Which of the following is NOT a
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