An unexpected decrease in aggregate demand will trigger a recession in the ________ theory of the business cycle.
A) new Keynesian cycle
B) new classical cycle
C) Keynesian cycle
D) Both answers A and B are correct.
Correct Answer:
Verified
Q25: The new classical cycle theory predicts that
Q34: The business cycle impulse in the new
Q40: The _ cycle theory states that only
Q41: One assumption of the new classical model
Q44: A larger than expected increase in aggregate
Q49: The factor leading to business cycles in
Q50: Both the new classical and new Keynesian
Q53: According to the new classical theory, _
Q55: The key difference between the new classical
Q60: A key difference between the new classical
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