Compared to Keynesians, Real Business Cycle theorists
a) have greater optimism regarding markets
b) give a larger role to stabilization policy
c) believe technology plays a relatively minor role in short run fluctuations
d) are more likely to claim that individuals are unresponsive to price changes
e) are relatively unconcerned with productivity shocks
a) have greater optimism regarding markets
Economics
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What is a perfectly contestable market?
What will be an ideal response?
Economics
Under the new Constitution in 1789, the states gained the sovereign power to
(a) levy taxes. (b) power and issue money. (c) "regulate" the value of money. (d) create corporations by special franchise.
Economics