Real business cycle theorists believe that variations in the rate of growth of a basically full-employment economy trace out an uneven growth path and that the variations in growth—moderate to robust spurts—in real GDP
a. are all arguments that support the existence of the business cycle
b. explain how innovative technological change can trigger the business cycle
c. are what is misconceived by some economists to be the business cycle
d. are the source of investment that causes the accelerator to increase
e. are examples of countercyclical fiscal policy
C
Economics
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David Elkind, author and child expert, says that:
a. Children do not have enough to do b. Children have too much free time c. Children are overcommitted and growing up too fast and too soon d. Children spend too much time in unorganized activities
Economics
The branch of economics which studies the behavior of entire economies is called
A) public economics. B) microeconomics. C) macroeconomics. D) normative economics.
Economics