Multiple Choice
Which of the following statements is INCORRECT?
A) A monetarist believes that recessions are the result of erratic monetary policy.
B) A classical macroeconomist believes that the money wage rate adjusts slowly.
C) A new classical macroeconomist believes the business cycle is the efficient response to the uneven pace of technological change.
D) A Keynesian believes the business cycle is mainly influenced by changes in people's expectations.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: In the macroeconomic long run,<br>A) real GDP
Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the above
Q93: In short- run macroeconomic equilibrium,<br>A)real GDP is
Q94: A monetarist economist believes that<br>A)the economy is
Q96: Other things being equal, along the aggregate
Q98: The long- run aggregate supply (LAS)curve<br>A)has a
Q100: Which of the following news quotes BEST
Q101: Which of the following directly shifts the
Q102: Which of the following does NOT shift
Q402: In the short run, the intersection of