Multiple Choice
Which of the following is the factor that leads to business cycles in the monetarist business cycle theory?
A) an unexpected change in aggregate demand
B) a change by the Fed in the growth rate of the quantity of money
C) a change in business confidence
D) a change in the growth rate of productivity
Correct Answer:

Verified
Correct Answer:
Verified
Q80: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q81: During an unanticipated deflation, the real wage
Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q83: The real business cycle (RBC) theory argues
Q84: The theory that regards random fluctuations in
Q86: "The short-run Phillips curve shifts leftward when
Q87: The short-run Phillips curve intersects the long-run
Q88: The price level falls if<br>A) aggregate demand
Q89: Along a short-run Phillips curve, suppose the
Q90: Suppose that the expected inflation rate is