Which of the following is not seen by economists as an underlying cause of business cycle fluctuations?
A. Unexpected financial bubbles that eventually burst.
B. Shocks to the money supply by the nation's central bank.
C. Supply shocks caused by major innovations.
D. All of these are identified as causes of business cycle changes.
D. All of these are identified as causes of business cycle changes.
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Everything else held constant, a decrease in autonomous planned investment spending will cause the IS curve to shift to the ________ and aggregate demand will ________
A) right; increase B) right; decrease C) left; increase D) left; decrease
The dates of turning points are determined by a committee from the
A) FBI. B) BLS. C) BEA. D) NBER.
When the Fed conducts open market operations, what type of bonds does the Fed purchase?
a. Newly issued bonds from the treasury b. Bonds newly issued by companies c. Previously issued bonds from the treasury d. Bonds previously issued by companies e. Newly issued bonds from other countries
Which statement is true?
A. The largest merger in history involved Chase Manhattan Bank. B. There have been only two mergers in our entire history valued at over $15 billion. C. It is illegal under our antitrust laws for two firms in the same industry to merge. D. None of these statements are true.