Multiple Choice
Both new Keynesian and new classical cycle theories claim that
A) a change in the price of oil is the major cause of a business cycle.
B) expected changes in the quantity of money can trigger a business cycle.
C) unexpected changes in aggregate demand trigger a business cycle.
D) shifts in the SAS curve are the main impulse for a business cycle.
E) animal spirits can trigger a business cycle.
Correct Answer:

Verified
Correct Answer:
Verified
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