The new Keynesian cycle theory of the business cycle regards ________ as the main source of economic fluctuations.
A) only unexpected fluctuations in aggregate demand
B) expected and unexpected fluctuations in aggregate demand
C) only expected fluctuations in aggregate demand
D) changes in business confidence
Correct Answer:
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Q47: According to the new classical model, changes
Q48: According to the new Keynesian cycle theory
Q49: The factor leading to business cycles in
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Q51: Suppose that forecasters have incorrectly estimated aggregate
Q53: According to the new classical theory, _
Q54: Which of the following CORRECTLY describes the
Q55: The key difference between the new classical
Q56: Which business cycle theory emphasizes that, because
Q57: Which theory distinguishes between expected and unexpected
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