Models that focus on factors such as technology shocks rather than "monetary" explanations of fluctuations in real GDP are called
A) rational expectations models. B) real business cycle models.
C) short-run macroeconomic models. D) nonmonetary business cycle models.
B
Economics
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Refer to Figure 7-1. Marginal social benefit is represented by which curve?
A) Supply B) D1 C) D2 D) All of the above represent marginal social benefit.
Economics
What is a primary difference between rebates and coupons?
A) Coupons allow individuals to sort themselves into the high-elasticity group after the sale. B) Neither coupons nor rebates are redeemed in high numbers. C) Rebates allow individuals to sort themselves into the high-elasticity group after the sale. D) Coupons are legal and rebates are illegal.
Economics