According to the real business cycle theory, business cycle contractions are generally caused by
A) the self-interest of politicians.
B) decreases in business investment.
C) decreases in the growth rate of the money supply.
D) decreases in the economy's capacity to produce.
E) all of the above
D
Economics
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Which of the following phrases does not accurately describe a feature of the European economy during the Renaissance period?
a. Technological advances in navigation b. The rise of nation-states c. Declining population d. Increased security of persons and property
Economics
Refer to Figure 16.2. For the given Phillips curve, a decrease in aggregate demand, ceteris paribus, could cause a
A. Rightward shift in the curve. B. Movement from point A to point B. C. Movement from point B to point A. D. Leftward shift in the curve.
Economics