Multiple Choice
Real business cycles are mostly a result of
A) discretionary fiscal policy.
B) abrupt changes in monetary policy.
C) increases in the budget deficit and national debt.
D) shocks to the aggregate supply side of the economy.
Correct Answer:
Verified
Correct Answer:
Verified
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Q195: The term for a pattern of initially
Q196: One key assumption behind the policy irrelevance
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Q199: Historical evidence suggests that<br>A) the Phillips curve
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Q201: The short run aggregate supply (SRAS) curve
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