Refer to Figure 21-5. "Crowding out" of firm investment as a result of a budget deficit is illustrated by the movement from ________ in the graph above

Real business cycle theories rely on changes in ____________ to as causes of short run fluctuations

A) aggregate spending by consumers B) components of the production function C) consumer views about the course of the economy D) fluctuations in the quantity of money

According to countercyclical monetary policy advocates, if the European Central Bank pursues an expansionary monetary policy, ________.

A) the interest rate will rise B) the unemployment rate will fall C) its labor supply will likely fall D) the price level in will fall