According to real business cycle theory, business cycles
a. can be eliminated with appropriate monetary and fiscal policy.
b. are natural and efficient reactions to changes in productivity.
c. do not occur.
d. occur infrequently.
e. none of the above.
B
Economics
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During a recession, tax revenues ________ while government transfer payments ________, thereby mitigating part of the adverse effects of a recession and stabilizing the economy
A) fall; decrease B) fall; increase C) rise; decrease D) rise; increase
Economics
If the international price of oranges is less than the domestic price of oranges in Spain, then Spain will export oranges to other countries
a. True b. False Indicate whether the statement is true or false
Economics