Multiple Choice
What are the two main components of business cycle theories?
A) a description of shocks and a model of how the economy responds to them
B) a model of how people decide to spend and a description of the government's role in the economy
C) a model of how equilibrium is reached and a description of the government's role
D) a description of shocks and a description of the government's role in the economy
Correct Answer:
Verified
Correct Answer:
Verified
Q48: Explain why durable goods are more sensitive
Q49: Which of the following macroeconomic variables doesn't
Q50: The longest contraction in Canadian history occurred<br>A)during
Q52: Which of the following macroeconomic variables is
Q53: The high point in the business cycle
Q55: Which of the following is true about
Q56: Which of the following statements is NOT
Q57: Which of the following activities is less
Q67: A variable that tends to move at
Q96: An economic variable that moves in the