Solved

Many of the Real Business Cycle Theorists Now Acknowledge That

Question 189

Multiple Choice

Many of the real business cycle theorists now acknowledge that the actual economic data indicate that their models need an upward-sloping aggregate supply curve-and that this gives __________ a potential role in determining aggregate output.


A) the natural rate hypothesis
B) the permanent income hypothesis
C) aggregate supply
D) aggregate demand

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q31: The rational expectations theory states that when

Q43: According to supply-side economics, tax cuts:<br>A) cause

Q45: According to the classical model of the

Q85: Which statement does NOT describe the Great

Q132: According to classical economists, the short-run aggregate

Q166: The Great Moderation consensus includes the belief

Q185: _ emphasized the importance of short-run effects

Q187: If the overnight rate is only 1%,the

Q239: Which view of macroeconomics holds that a

Q247: The Great Moderation consensus about macroeconomic policy