Which of the following is NOT one of the criticisms of real business cycle theory?
A)Productivity fluctuations are the result of the business cycle, not the cause of business cycles.
B)The money wage rate is sticky in the short run.
C)Intertemporal substitution is too weak.
D)The theory is built on weak microeconomic foundations.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is NOT one of the criticisms of real business cycle theory?
A)Productivity fluctuations are the result of the business cycle, not the cause of business cycles.
B)The money wage rate is sticky in the short run.
C)Intertemporal substitution is too weak.
D)The theory is built on weak microeconomic foundations.

Which of the Following Is NOT One of the Criticisms