According to real business cycle theory, the primary causes of business cycles are
A) shocks to aggregate demand.
B) monetary factors.
C) technology shocks.
D) waves of self-fulfilling optimism and pessimism.
C
Economics
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The long-run aggregate supply curve is: a. upward-sloping
b. downward-sloping. c. horizontal. d. vertical. e. none of the above.
Economics
Which of the following is not part of GDP?
a. the value of a new home built and purchased during the year b. the value of shares of Microsoft stock bought and sold during the year c. the value of long distance telephone services rendered during the year d. the value of new furniture produced during the year
Economics