A belief that demand shocks are an important source of business cycle fluctuations implies a preference of ________

A) the new Keynesian model over the traditional Keynesian model
B) the real business cycle model over the traditional Keynesian model
C) the real business cycle model over the new Keynesian model
D) the new Keynesian model over the real business cycle model

D

Economics

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The Celler-Kefauver Act of 1950:

a. amended the Sherman Act to outlaw price fixing where the effect is to lessen competition b. created the Interstate Commerce Commission. c. prohibited conglomerate mergers where the effect is to lessen competition. d. prohibited a firm from acquiring the assets of another firm where the effect is to lessen competition.

Economics

Answer the following statements true (T) or false (F)

1) A system of fixed exchange rates is more likely to result in exchange controls than is a system of flexible (floating) exchange rates. 2) A nation that imports more goods and services than it exports is necessarily realizing an international balance of payments deficit. 3) The United States has had significant trade and current account surpluses in recent years. 4) A current account deficit will reduce U.S. foreign indebtedness.

Economics