Changes in total factor productivity are plausible causes of business cycles because
A) of the welfare theorems.
B) the U.S. government is following supply-side economic policy.
C) the model matches many stylized facts.
D) prices are countercyclical.
Correct Answer:
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Q52: Which feature of the business cycle does
Q53: Changes in government spending are not likely
Q54: Proportional income taxation is distorting because
A) people
Q55: A one-unit increase in government expenditures should,according
Q56: An increase in total factor productivity shifts
Q58: Changes in government spending are not likely
Q59: Real business cycle theory argues that the
Q60: Suppose total factor productivity increases. Which of
Q61: In the model of public goods
A) government
Q62: If public goods can be produced more
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