Models that focus on factors such as technology shocks rather than "monetary" explanations of fluctuations in real GDP are called
A) rational expectations models. B) real business cycle models.
C) short-run macroeconomic models. D) nonmonetary business cycle models.
B
You might also like to view...
An advantage of the personal consumption expenditures price index (PCE) over the Consumer Price Index (CPI) as a measure of inflation is that the PCE
A) is a fixed market-basket price index that does not allow the mix of products to change each year. B) includes the prices of consumer services, but not consumer goods. C) includes the prices of more consumer goods and services. D) includes the prices of consumer goods, but not consumer services.
Rich country to poor country migration is relatively uncommon
Indicate whether the statement is true or false
An imperfectly competitive firm has the following demand curve: Q = 100 - 2P. What is marginal revenue equal to when P = 30?
What will be an ideal response?
If the money supply is $500 and nominal income is $4,000, the velocity of money is
A) 1/20. B) 1/8. C) 8. D) 20.