Multiple Choice
The growth rate of productivity is a major feature of
A) Keynesian and monetarist economists.
B) monetarist economists.
C) real business cycle economists.
D) why the marginal propensity to consume is less than 1.0.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: The level of potential GDP<br>A) increases when
Q8: Which of the following is true?<br>A) The
Q9: The marginal propensity to consume measures<br>A) the
Q10: The impulse leading to business cycles in
Q11: Keynesians and monetarists believe that economic fluctuations
Q13: If the Fed increases the quantity of
Q14: Classical economists believe that the economy<br>A) requires
Q15: The presence of imports _ the size
Q16: The multiplier effect<br>A) is nonexistent in the
Q17: Business cycles result when<br>A) aggregate demand grows