In the real business cycle model, output and employment are
a. determined by real supply-side variables.
b. determined by supply and demand factors.
c. always at their natural rates.
d. both a and c.
e. None of the above
B
You might also like to view...
Which of the following programs provides economic security to the elderly, disabled, widows, and fatherless children in the U.S.?
A) Social security B) Income security C) Federal household assistance program D) Federal income administration program
For a perfect competitor, price equals
A) marginal revenue only. B) average revenue only. C) both average revenue and marginal revenue. D) neither marginal revenue nor average revenue.
A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only. B. aggregate demand curve only. C. aggregate demand curve, and the short-run aggregate supply curve would shift in response. D. short-run aggregate supply curve and the long-run aggregate supply curve.
Privately owned banks and thrift institutions that accept deposits and make loans are known as
A. systemic risks. B. financial holding companies. C. depository institutions. D. fiduciary institutions.