Real business cycle theorists tend to argue that
A) fiscal policy has a large impact on production and employment.
B) fluctuations in the money stock and interest rates lead changes in output and employment.
C) monetary policy has little 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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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
Q30: 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
Q36: An example of an aggregate demand externality
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