The real business cycle school of thought is generally viewed as controversial because

A) it blames unemployment on immigration.
B) it contradicts classical economic thought.
C) critics find it difficult to understand how many of the post-World War II recessions could be explained by adverse changes in technology.
D) all of the above.

C

Economics

You might also like to view...

For how long must most hedge fund investors wait before withdrawing funds?

A) 1 to 3 days B) 1 to 3 weeks C) 1 to 3 months D) 1 to 3 years

Economics

A voluntary import expansion involves a

A) country agreeing to import more from another country. B) country agreeing to reduce its trade barriers. C) country agreeing to an import quota. D) firm agreeing to expand output.

Economics