Which of the following holds that business cycles are primarily due to changes in technology and does not invoke any monetary or demand-side forces?
A) the real business cycle theory
B) the efficiency wage theory
C) rational expectations hypothesis
D) Keynesian economics
Correct Answer:
Verified
Q206: When "stagflation" occurs
A) the economy experiences higher
Q213: The policy irrelevance proposition states that
A) only
Q217: Real business cycles could be a result
Q217: According to the theory based on rational
Q219: The rational expectations hypothesis is based on
Q219: The real business cycle theory is based
Q220: The hypothesis suggesting that people combine the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents