Multiple Choice
In the real-business-cycle theory,
A) declines in real output cause declines in the money supply and thus aggregate demand.
B) decreases in long-run aggregate supply are fully anticipated and therefore do not reduce real output.
C) technology is constant.
D) economic instability results from inappropriate monetary policy.
Correct Answer:
Verified
Correct Answer:
Verified
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Q78: (Consider This) Monetarists would argue that the
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Q80: Mainstream economists contend that, as stabilization tools,<br>A)
Q81: Modern mainstream macroeconomists agree with the monetarists
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Q84: The real-business-cycle theory<br>A) is a monetarist view
Q85: If the money supply growth is set
Q86: The velocity of money measures the<br>A) proportion
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