Which of the following plays a central role in Real Business Cycle theory?
A) monopoly pricing
B) the marginal product of labor
C) the marginal propensity to consume
D) expectations
E) monetary policy
Correct Answer:
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Q1: Internationally,recessions
A) are likely to begin in the
Q2: Business cycles affect long run growth because
A)
Q3: Over the course of the business cycle
A)
Q4: Which of the following is not assumed
Q6: The economy's capacity to produce is defined
Q7: The impact of recession
A) is, in the
Q8: Okun's law refers to
A) The tendency for
Q9: The most controversial element of the Frisch-Slutsky
Q10: Comparing State economies to that of the
Q11: Output in excess of potential GDP
A) implies
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