Changes in government spending are not likely causes of business cycles because government spending induced business cycles would,counterfactually predict
A) countercyclical real wages.
B) procyclical real wages.
C) countercyclical employment.
D) procyclical employment.
E) countercyclical consumption.
Correct Answer:
Verified
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Q48: According to the Laffer Curve
A) there may
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A) increases
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Q54: An increase in total factor productivity involves
A)
Q55: The Laffer Curve illustrates the relationship between
A)
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