Shocks to long-run aggregate supply can be a source of business fluctuations ________
A) only in real business cycle models
B) only in new Keynesian models
C) in both real business cycle and new Keynesian models
D) only if the money supply rises
C
Economics
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Explain the differences between a federal budget deficit, a federal budget surplus, and a balanced federal budget
What will be an ideal response?
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A 10 percent decrease in income decreases the quantity demanded of pizza by 3 percent. The income elasticity of demand for pizza is
A) -0.3. B) 0.3. C) 3.3. D) 10.0.
Economics