Multiple Choice
Models that focus on factors such as technology shocks rather than "monetary" explanations of fluctuations in real GDP are called
A) nonmonetary business cycle models.
B) real business cycle models.
C) rational expectations models.
D) short-run macroeconomic models.
E) new Keynesian models.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Workers at a local construction company are
Q29: According to the short-run Phillips curve, which
Q31: The 1989-1993 Bank of Canada adoption of
Q32: According to economists Robert Lucas and Thomas
Q33: Robert Shiller posed the following question to
Q35: If the economy is producing at potential
Q36: If firms and workers have rational expectations,
Q37: Deflation refers to<br>A)a decrease in the rate
Q38: Suppose a candidate for Prime Minister makes
Q39: Lucas and Sargent argue that the short-run