Multiple Choice
According to _______, the business cycle is the result of aggregate demand growing at a fluctuating rate.
A) the Keynesian, monetarist, and real business cycle theories
B) real business cycle theory
C) the Keynesian, monetarist, and new classical cycle theories
D) only the Keynesian and monetarist cycle theories
E) the Keynesian cycle theory only
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Use the figure below to answer the
Q4: In real business cycle theory, a decrease
Q5: If there is a fully anticipated increase
Q6: If the natural unemployment rate increases, the
Q7: A forecast that is based on all
Q9: For a given expected inflation rate, the
Q10: Along the short- run Phillips curve, if
Q11: Along the short- run Phillips curve, everything
Q12: Suppose the economy is in long- run
Q13: "Intertemporal substitution" in real business cycle theory