Multiple Choice
It is reasonable to assume that in a developed economy technological shocks occur ________ across industries,which ________ the RBC theory of business cycles.
A) randomly,opposes
B) randomly,supports
C) uniformly,opposes
D) uniformly,supports
Correct Answer:
Verified
Correct Answer:
Verified
Q148: A New Keynesian firm produces the output
Q149: While much of New Classical macroeconomics is
Q150: Which of the following theories of business
Q151: The new Keynesian economists argue that prices
Q152: Which of the following assumptions is found
Q154: In the RBC model,actual real GDP is<br>A)never
Q155: The "old" Keynesian approach dominated macroeconomic theory
Q156: RBC theory leads to _ government macro-stabilization
Q157: Classical macroeconomic theory was discredited and gave
Q158: According to Gordon which of the following