Critics of real business cycle theory doubt the plausibility of ________

"The short-run Phillips curve shows the tradeoff between real GDP and inflation." Is the previous statement correct or incorrect? Briefly explain you answer

What will be an ideal response?

The single most important reason that the recession of 1929 turned into the Great Depression was

a. the failure of Pres Roosevelt's New Deal Program b. the decline in the US money supply c. the stock market crash d. the Smoot-Hawley Tariff Act