The real business cycle theory
A) indicates that supply side shocks cause most business cycles.
B) indicates that demand side shocks cause most business cycles.
C) indicates that rapid changes in the money supply cause most business cycles.
D) indicates that faulty fiscal policy creates most business cycles.
Correct Answer:
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Q195: The policy irrelevance proposition implies that
A) unanticipated
Q196: Adding the assumption of pure competition and
Q199: According to the real-business-cycle perspective
A)the economy cannot
Q200: Which of the following holds that economic
Q202: Q203: The rational expectations hypothesis is based on Q205: The rational expectations hypothesis suggests that if
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