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

Answer: B) components of the production function

Economics

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Resources that are ________ tend to be carefully managed to provide profits, which ensures that they will last a long time

A) publicly held B) privately owned C) scarce D) abundant

Economics

What is the theory of comparative advantage?

What will be an ideal response?

Economics