Solved

Which of the Following CORRECTLY Describes the New Classical Cycle

Question 102

Multiple Choice

Which of the following CORRECTLY describes the new classical cycle theory of the business cycle?


A) An unexpected change in the quantity of money can trigger a business cycle.
B) An expected tax rate change can trigger a business cycle.
C) An unexpected change in the price of oil can trigger a business cycle.
D) Rational expectations keep the money wage from changing quickly.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions