Real business cycle theory emphasizes the role of
A) government spending as a cause of economic fluctuations.
B) shocks to the money supply as a cause of economic fluctuations.
C) demand shocks as a cause of economic fluctuations.
D) technology shocks as a cause of economic fluctuations.
D
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The M2 measure of money consists of the sum of:
A. currency, checking and savings deposits. B. M1, savings deposits, small time deposits, and money market mutual funds. C. savings deposits, small time deposits, and money market mutual funds. D. currency, checking and savings deposits, and small time deposits.
Measurement of economic values after adjustments have been made for changes in the average of prices between years in known as
A. a deflator. B. real values. C. nominal values. D. the price index.