Multiple Choice
This theory views shocks to tastes (workers' willingness to work,for example) and technology (productivity) as the major driving forces behind short-run fluctuations in the business cycle because these shocks lead to substantial short-run fluctuations in the natural rate of output.
A) The natural rate hypothesis
B) Hysteresis
C) Real business cycle theory
D) The Phillips curve model
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A theory of aggregate economic fluctuations called
Q17: By looking at aggregate demand via its
Q27: Everything else held constant,when output is _
Q34: Explain and demonstrate graphically the effects of
Q44: The long-run rate of unemployment to which
Q48: The aggregate supply curve shows the relationship
Q53: Everything else held constant,a decrease in government
Q58: The long-run aggregate supply curve shifts to
Q71: Which of the following increases aggregate supply
Q77: Everything else held constant,a decrease in net