Multiple Choice
Shocks to long-run aggregate supply can be a source of business fluctuations ________.
A) only in real business cycle models
B) only in new Keynesian models
C) in both real business cycle and new Keynesian models
D) only if the money supply rises
Correct Answer:
Verified
Correct Answer:
Verified
Q37: In the new Keynesian model,an increase in
Q38: Credibility is not important in _.<br>A)new Keynesian
Q39: In the new Keynesian model,sticky prices may
Q40: Which of the following would be considered
Q41: What insights into the macroeconomic consequences of
Q43: Which of the following would be considered
Q44: In the long run,does it matter whether
Q45: The three business cycle models differ mostly
Q46: Long-run aggregate supply shocks are not a
Q47: In the new Keynesian model,expected inflation is