Real business cycle theorists tend to argue that
A) monetary policy has a large impact on production and employment.
B) fluctuations in the money stock and interest rates are much more reactions to changes already taking . place in output and employment.
C) fiscal policy has a large impact on production and employment.
D) changes in consumption spending is the key to fluctuations in production and employment.
Correct Answer:
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Q25: Critics of real business cycle theory point
Q26: According to real business cycle theorists,
A) production
Q27: According to real business cycle theorists, each
Q28: According to real business cycle theorists, each
Q29: Critics of real business cycle theory have
Q31: Real business cycle theorists tend to argue
Q32: The existence of real business cycle theory
Q33: The part of modern macroeconomics that is
Q34: Since at least the 1930s, the mainstream
Q35: New Keynesian Economics suggests each of the
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