Which of the following is not a primary cause of business cycle fluctuations, according to real business cycle theory?
A) A change in the production function
B) A change in the size of the labor force
C) A change in the money supply
D) A change in the real quantity of government purchases
C
Economics
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Refer to Table 2-9. What is Haley's opportunity cost of making a bracelet?
A) 3/4 of a bracelet B) 1 1/3 necklaces C) 2 necklaces D) 3 bracelets
Economics
The ability to deter entry requires
A) a credible threat that if entry occurs the firm is willing to produce more than they would otherwise. B) a credible threat that if entry occurs the firm will not produce more than they would otherwise. C) a good lawyer. D) a clever accounting department.
Economics