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    Exam 28: The Business Cycle, Inflation, and Deflation
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    The ________ Cycle Theory States That Only Unexpected Fluctuations in Aggregate
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The ________ Cycle Theory States That Only Unexpected Fluctuations in Aggregate

Question 92

Question 92

Multiple Choice

The ________ cycle theory states that only unexpected fluctuations in aggregate demand bring fluctuations in real GDP around potential GDP.


A) new Keynesian
B) new classical
C) Keynesian
D) monetarist
E) real business

Correct Answer:

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