Multiple Choice
A belief that demand shocks are an important source of business cycle fluctuations implies a preference of ________.
A) the new Keynesian model over the traditional Keynesian model
B) the real business cycle model over the traditional Keynesian model
C) the real business cycle model over the new Keynesian model
D) the new Keynesian model over the real business cycle model
Correct Answer:
Verified
Correct Answer:
Verified
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