Multiple Choice
The new Keynesian cycle theory of the business cycle regards ________ as the main source of economic fluctuations.
A) only unexpected fluctuations in aggregate demand
B) expected and unexpected fluctuations in aggregate demand
C) only expected fluctuations in aggregate demand
D) changes in business confidence
Correct Answer:
Verified
Correct Answer:
Verified
Q315: Explain how the short-run and long-run Phillips
Q316: "Shoe Industry under Pressure Amid Rising Costs
Q317: Suppose that forecasters have incorrectly estimated aggregate
Q318: Which of the following is NOT a
Q319: In late 2008, Great Britain's inflation rate
Q321: During a deflation, investment _ and the
Q322: Cost-push inflation can start with<br>A) lower taxes.<br>B)
Q323: If the real interest rate is 4
Q324: According to the new classical theory, _
Q325: Demand-pull inflation results from continually increasing the