Multiple Choice
Most economists would agree that,unless it incorporates rational expectations or something like it,a model cannot account for
A) the Great Depression.
B) shifts in aggregate supply.
C) the relationship between consumption and income.
D) the stagflation of the 1970s.
E) the different initial impact of a permanent versus a temporary policy change.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following led a strong
Q3: One of the most important areas of
Q4: Which of the following was not part
Q5: During the 1970s and 1980s,macroeconomists were busy
Q6: The main debate during the 1960s was<br>A)between
Q7: Discuss the major intellectual failure on macroeconomics
Q8: As the IS curve becomes flatter,we know
Q9: One problem with real business cycle theory
Q10: In the 1960s,there was significant debate between
Q11: If consumers are very foresighted,we would expect