Multiple Choice
According to Progressives, what is the most important factor in causing business cycles?
A) Business cycles are caused by external shocks to the economy.
B) Business cycles are caused by misguided government policies.
C) Business cycles are caused by the drive for profits.
D) Business cycles are caused by technological change.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Business cycles<br>A) occur in every type of
Q8: Pablo was laid off from his job
Q9: What is an "expansion?"<br>A) An increase in
Q10: Robert Lucas, a well-known University of Chicago
Q11: What is "real business cycle theory"?<br>A) Outside
Q12: What is a business cycle?<br>A) The length
Q13: According to Progressives, what causes the expansion
Q14: According to Progressives, what is occurring at
Q15: What does the term, "discouraged worker," mean?<br>A)
Q16: What is a "contraction"?<br>A) A downturn in