Real business cycle theory explains the business cycle as the result of

A firm's expansion path

A) shows the targeted growth rate in sales over the long run. B) is the same thing as its long-run average cost curve. C) is a curve that shows a firm's cost-minimizing combination of inputs for every level of output, holding input prices constant. D) is a curve that shows expected profits at various price levels.

A decrease in the supply of a good will result in a rightward shift in the demand curve for the good

a. True b. False Indicate whether the statement is true or false