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    Exam 12: The Business Cycle, Inflation, and Deflation
  5. Question
    The Keynesian Explanation of the Business Cycle Rests on Several
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The Keynesian Explanation of the Business Cycle Rests on Several

Question 409

Question 409

Multiple Choice

The Keynesian explanation of the business cycle rests on several concepts, including


A) rigid money wage rates.
B) unstable monetary policy by the Fed.
C) shocks to the rate of technological change.
D) the desire of politicians to be re-elected.

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