Multiple Choice
The real business cycle model
A) fits the 2008-2009 Canadian data perfectly.
B) cannot account for the behaviour of the price level in the 2008-2009 recession.
C) cannot account of the behaviour of consumption in the 2008-2009 recession.
D) cannot account for the behaviour of investment in the 2008-2009 recession.
E) can account for the behaviour of the price level in the 2008-2009 recession.
Correct Answer:
Verified
Correct Answer:
Verified
Q28: A Keynesian model that is consistent with
Q29: The key defect of the real business
Q30: If the money supply is a sunspot
Q31: Procyclical total factor productivity (TFP)could be caused
Q32: Comovement between nominal and real variables<br>A) was
Q34: An important critique of real business cycle
Q35: A negative total factor productivity shock and
Q36: In the real business cycle model, a
Q37: The real business cycle model replicates the
Q38: The real business cycle model best explains