What is the key feature that differentiates business cycle theories?
A) whether the theory was developed before or after the Great Depression.
B) whether the theory is Keynesian or non-Keynesian.
C) whether the theory also explains economic growth.
D) whether the theory explains how monetary policy works.
B
Economics
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Multiple estimates for major expenditures, warranties, and lemon laws all reduce the possible negative consequences of ________
a. bounded rationality b. winner's curse c. optimal search d. asymmetric information
Economics
Explain what is needed for optimal harvesting of a forest. How do changes in economic incentives and structures affect present and future decisions?
What will be an ideal response?
Economics