Multiple Choice
According to the real business cycle theory, fluctuations in output are caused by:
A) fluctuations in the growth rate of total factor productivity.
B) changes in aggregate demand.
C) changes in the money supply.
D) discretionary fiscal policy.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Monetarists believe that:<br>A) full employment is the
Q14: The recommendation to use monetary policy to
Q15: The macroeconomic theory stating that because workers
Q16: Purchases and sales of short-term Treasury bills
Q17: Keynesian economics was mostly concerned with the
Q19: The natural rate hypothesis suggests there are
Q20: Keynesian economics stresses the role of:<br>A) aggregate
Q21: Monetarism suggests that:<br>A) money should be backed
Q22: The claim that reducing deficits in an
Q23: Which statement BEST explains why the Fed