Multiple Choice
Long-run aggregate supply shocks are a source of business cycle fluctuations in ________.
A) traditional Keynesian and new Keynesian theory
B) new Keynesian and real business cycle theory
C) real business cycle and traditional Keynesian theory
D) traditional Keynesian,new Keynesian and real business cycle theory
Correct Answer:
Verified
Correct Answer:
Verified
Q60: The level of income is unchanged in
Q61: Given the aggregate production function Y =
Q62: The new Keynesian model has _ in
Q63: How might a real business cycle theorist
Q64: In real business cycle models,a change in
Q66: According to real business cycle theory,an increase
Q67: In the new Keynesian model,an _ increase
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Q69: A belief that demand shocks are an
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