Multiple Choice
Which of the following is NOT one of the criticisms of real business cycle theory?
A) The money wage rate is sticky in the short run.
B) Inter-temporal substitution is too weak.
C) Productivity fluctuations are the result of the business cycle, not the cause of business cycles.
D) The theory is built on weak microeconomic foundations.
Correct Answer:
Verified
Correct Answer:
Verified
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