Multiple Choice
According to _______ theory, a decrease in productivity growth shifts the _______.
A) real business cycle; AD curve leftward
B) real business cycle; demand for loanable funds curve leftward
C) real business cycle; AD curve rightward
D) Keynesian cycle; SAS curve leftward
E) Keynesian cycle; SAS curve rightward
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Which business cycle theory emphasizes that, because
Q16: In the Keynesian business cycle theory, business
Q17: In real business cycle theory, the supply
Q18: Use the figure below to answer the
Q19: The economy starts out at a full-
Q21: Use the figure below to answer the
Q22: Suppose that in response to a decrease
Q23: Suppose aggregate demand increases by more than
Q24: The _ cycle theory states that only
Q25: According to real business cycle theory, workers'