According to real-business-cycle theory, recessions are caused by:
A. Deviations of aggregate supply from long-term growth trends
B. Monetary factors affecting aggregate demand
C. People choosing leisure rather than work
D. A decline in the supply of money
A. Deviations of aggregate supply from long-term growth trends
Economics
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Coffee prices fell in the 1990s because of:
a. subsidies by developed countries to their coffee producers. b. subsidies by developing countries to their coffee producers. c. new suppliers in Brazil and Vietnam. d. a fall in world demand for coffee.
Economics
One of the major benefits to society of monopolistic competition is
A) high prices. B) restricted output. C) product differentiation. D) the excess capacity. E) the marku
Economics