Multiple Choice
Which of the following is true of real businesscycle models?
A) According to real business-cycle models the demand shocks are responsible for the business cycles.
B) According to real business-cycle models government intervention is responsible for business cycles.
C) According to real business-cycle models fluctuations in total factor productivity are responsible for business cycles.
D) According to real businesscycle models erratic monetary policies are responsible for business cycles.
Correct Answer:
Verified
Correct Answer:
Verified
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