Multiple Choice
In the coordination failure, the most likely explanation of business cycles are
A) money supply shocks.
B) government spending shocks.
C) total factor productivity shocks.
D) fluctuations between 'good' and 'bad' equilibria.
E) labour market shocks.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Increasing returns to scale refers to<br>A) more
Q3: Shocks to total factor productivity are least
Q4: The Keynesian view implies that there is
Q5: In the real business cycle model, a
Q6: In the coordination failure model<br>A) there is
Q8: Extraneous events that are completely unrelated to
Q9: Fiscal policy can stabilize output in the
Q10: The phenomenon of underutilization of labour during
Q11: One potential weakness of the coordination failure
Q12: Measurement errors of changes in the Solow