The real business cycle theory
A. indicates that supply side shocks cause most business cycles.
B. indicates that frequent fiscal policy actions cause most business cycles.
C. indicates that demand side shocks cause most business cycles.
D. indicates that unanticipated changes in the money supply cause most business cycles.
Answer: A
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A) labor. B) capital. C) land. D) entrepreneurshi
A rising average cost implies that
a. marginal cost is equal to average cost b. marginal cost is above average cost c. marginal cost is below average cost d. none of the above
Poor health in developing countries encourages economic growth because working is a matter of life and death
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying figure. At a price of $9, there will be:
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