The idea that business cycles are nothing more than variations in the rate of growth of a full-employment economy is proposed by
a. Keynesian theorists
b. Kuznets cycle theorists
c. innovation cycle theorists
d. real business cycle theorists
e. internal cycle theorists
D
Economics
You might also like to view...
Explain the relationship between real GDP and aggregate planned expenditure, AE. What change to inventories takes place when the two are not equal?
What will be an ideal response?
Economics
The marginal rate of substitution of beef for chicken is the:
A. Number of units of chicken the consumer is prepared to give up to obtain one more unit of beef B. Number of units of beef the consumer is prepared to give up as income falls C. Number of units of beef the consumer must sacrifice to obtain one more unit of chicken D. Rate at which units of beef may be exchanged for units of chicken
Economics