Real business cycle theorists think that most business cycle fluctuations are caused by shocks to
A) the production function.
B) the size of the labor force.
C) the real quantity of government purchases.
D) the spending and saving decisions of consumers.
A
Economics
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Which of the following is a possible result of adverse selection?
a. Only lemons remain in the market for used cars. b. A store manager shirks his responsibility because his supervisor is not present at all times. c. A car mechanic does not bother to properly fix the customers' cars when his work cannot be monitored. d. Many people selling their houses at very low prices expecting prices to decline further.
Economics
Consumer spending is considered a determinant of economic growth
a. True b. False Indicate whether the statement is true or false
Economics