Which of the following models focuses on how productivity shocks explain fluctuations in real GDP?
A) the monetarist model
B) the new classical model
C) the real business cycle model
D) the new Keynesian model
Answer: C
Economics
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According to the rational expectations theory, monetary policy is fully anticipated and therefore only affects: a. the level of real GDP
b. the level of real investment. c. the price level. d. the level of real consumption. e. the level of exports.
Economics
Differentiate between the current account balance and the capital account balance
Economics