The factor leading to business cycles in the ________ cycle theory is unexpected fluctuations in aggregate demand while in the ________ cycle theory both unexpected and expected fluctuations in aggregate demand are factors that lead to business cycles.
A) new classical; monetarist
B) new classical; new Keynesian
C) new Keynesian; Keynesian
D) monetarist; new Keynesian
E) real business; monetarist
Correct Answer:
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Q2: The key difference between new classical cycle
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Q4: "Intertemporal substitution" in real business cycle theory
Q5: Both new Keynesian and new classical cycle
Q6: Use the figure below to answer the
Q7: According to _, the business cycle is
Q8: New Keynesian economists believe that _ is
Q8: According to the real business cycle theory,
Q9: The key ripple effect in real business
Q10: Which of the following are business cycle
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