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    Exam 12: The Business Cycle, Inflation, and Deflation
  5. Question
    According to the Real Business Cycle Theory, the Immediate Effects
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According to the Real Business Cycle Theory, the Immediate Effects

Question 114

Question 114

Multiple Choice

According to the real business cycle theory, the immediate effects from a change in productivity include which of the following?
I. Investment demand changes.
II. Demand for labor changes.
III. Government expenditures change.


A) I
B) I and II
C) I and III
D) II and III

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