Which of the following is not an aggregate-demand-side explanation of business cycles?
A) The real-business-cycle theory.
B) The idea of coordination failures.
C) Mainstream macroeconomics.
D) Monetarism.
Correct Answer:
Verified
Q24: A coordination failure
A)is a real-business-cycle event.
B)is a
Q25: The idea that an economy can get
Q26: New classical economists say that an unanticipated
Q30: New classical economists
A)stress the importance of federal
Q40: In the real-business-cycle theory,
A) declines in real
Q45: Rational expectations theory assumes that:
A) people behave
Q46: According to new classical economists, the
A) short-run
Q51: Rational expectations theory implies that the:
A) aggregate
Q57: The real-business-cycle theory
A) is a monetarist view
Q72: Suppose that, as expected, aggregate demand in
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