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Which Business Cycle Theory Emphasizes That, Because of Previously Negotiated

Question 91

Multiple Choice

Which business cycle theory emphasizes that, because of previously negotiated wage agreements, both expected and unexpected fluctuations in aggregate demand can change real GDP?


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

Correct Answer:

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