Which of the following is not a primary cause of business cycle fluctuations, according to real business cycle theory?
A) A change in the production function
B) A change in the size of the labor force
C) A change in the money supply
D) A change in the real quantity of government purchases
C
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Some nonprice determinants of supply are:
A. prices of related goods, technology, prices of inputs, expectations, and the number of sellers. B. consumer preferences, the price of the good, and prices of related goods. C. expectations of sellers and number of buyers in the market. D. prices of related goods, technology, and consumer preferences.
Mutually beneficial trade is impossible when different persons have different preferences about goods and services.
Answer the following statement true (T) or false (F)
According to ________ economists, the only types of unemployment that exist in an economy are structural and frictional unemployment.
A. classical B. Marxist C. monetarist D. Keynesian
With microfinance, the mechanism of peer lending is a way to avoid the problem of
A. a double coincidence of wants. B. the tragedy of the commons. C. imperfect information. D. capital flight.