Advocates of real business cycle theories argue that all of the following could cause a recession except

a. a fall in consumer expectations.
b. natural disasters.
c. higher taxation.
d. increases in the price of oil.

A

Economics

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The marginal cost of an activity ________ as you do more of it

A) increases B) decreases C) doesn't change D) changes only if the marginal benefit of the activity does not change E) changes only if the marginal benefit of the activity changes

Economics

_________ inflation can be explained by an _________ shift in the aggregate _________ curve

a. Demand-pull, rightward, demand b. Cost-push, rightward, supply c. Demand-pull, leftward supply d. Cost-push, leftward, supply

Economics