Multiple Choice
Compared to Keynesians,Real Business Cycle theorists
A) have greater optimism regarding markets
B) give a larger role to stabilization policy
C) believe technology plays a relatively minor role in short run fluctuations
D) are more likely to claim that individuals are unresponsive to price changes
E) are relatively unconcerned with productivity shocks
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Internationally,recessions<br>A) are likely to begin in the
Q13: The economy's capacity to produce is defined
Q14: The impact of recession<br>A) is, in the
Q15: Assuming aggregate supply is upward-sloping and aggregate
Q16: In the long run,<br>A) nominal wages rise
Q18: Over the course of the business cycle<br>A)
Q19: If the price of imported inputs suddenly
Q20: Over the course of the business cycle,most
Q21: The most controversial element of the Frisch-Slutsky
Q22: Business cycles are<br>A) seasonal changes in output<br>B)