Changes in government spending are not likely causes of business cycles because changes in government spending predict
A) countercyclical real wages.
B) procyclical real wages.
C) countercyclical employment.
D) procyclical employment.
A
Economics
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A basic conclusion of Keynesian analysis is that
A. Small macro disturbances can lead to much larger macro problems. B. The economy self-adjusts to reach full employment and a stable price level. C. Equilibrium GDP is consistent with price level stability. D. Equilibrium GDP is consistent with full employment.
Economics
Compared to the 1950s, 60s, and 70s, today we have _______ strikes involving large numbers of workers.
A. substantially more B. somewhat more C. about the same number of D. substantially fewer
Economics