Long-run aggregate supply shocks are a source of business cycle fluctuations in ________.
A) traditional Keynesian and new Keynesian theory
B) new Keynesian and real business cycle theory
C) real business cycle and traditional Keynesian theory
D) traditional Keynesian,new Keynesian and real business cycle theory
Correct Answer:
Verified
Q38: In the new Keynesian model,if an aggregate
Q39: If workers sit idly by for a
Q40: In the new Keynesian model,sticky prices may
Q41: Expectations are adaptive in _.
A)traditional Keynesian models
B)the
Q42: Discretionary economic policy is not beneficial in
Q44: Suppose a tax cut that had been
Q45: In the new Keynesian model,the effects on
Q46: Prices are regarded as sticky in _.
A)new
Q47: The level of income is unchanged in
Q48: Credibility is not important in _.
A)new Keynesian
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