Multiple Choice
The factor leading to business cycles in the ________ cycle theory is unexpected fluctuations in aggregate demand while in the ________ cycle theory both unexpected and expected fluctuations in aggregate demand are factors that lead to business cycles.
A) new classical; monetarist
B) new classical; new Keynesian
C) new Keynesian; Keynesian
D) monetarist; new Keynesian
Correct Answer:
Verified
Correct Answer:
Verified
Q355: Which of the following theories is criticized
Q356: Which of the following is a change
Q357: Demand-pull inflation starts as the<br>A) LAS curve
Q358: Which business cycle theory emphasizes that, because
Q359: A decrease in the expected inflation rate
Q361: According to the real business cycle theory,
Q362: Assuming that GDP currently equals potential GDP,
Q363: The short-run Phillips curve intersects the long-run
Q364: The new classical theory argues that the
Q365: The term "stagflation" refers to the situation