The Keynesian explanation of the business cycle rests on several concepts, including
A) rigid money wage rates.
B) unstable monetary policy by the Fed.
C) shocks to the rate of technological change.
D) the desire of politicians to be re-elected.
Correct Answer:
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Q11: Which of the following describes the Keynesian
Q12: Based on the Keynesian theory of the
Q13: Which of the following are business cycle
Q14: Keynesians believe that
A) money wage rate adjustments
Q15: Which theory assumes that business cycles occur
Q17: Which theory emphasizes frequent changes in investment
Q18: The factor leading to business cycles in
Q19: The factor that leads to business cycles
Q20: The Keynesian explanation of the business cycle
Q21: In the monetarist business cycle theory, the
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