Long-run aggregate supply shocks are a source of business cycle fluctuations in ________
A) traditional Keynesian and new Keynesian theory
B) new Keynesian and real business cycle theory
C) real business cycle and traditional Keynesian theory
D) traditional Keynesian, new Keynesian and real business cycle theory
B
Economics
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At any given moment there is one exchange rate
a. for currencies in the free world. b. between every pair of currencies. c. for all the world's currencies. d. established by the Federal Reserve Board.
Economics
An increase in the overall level of prices in an economy is referred to as
a. the income effect. b. inflation. c. deflation. d. the substitution effect.
Economics