This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: With which of the following statements would a real business cycle theorist most closely agree? ... (Read 153 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
With which of the following statements would a real business cycle theorist most closely agree?
 
  A) Expansionary monetary policy allows the central bank to control inflation and unemployment simultaneously.
  B) Monetary policies have the greatest impact on real GDP when they are anticipated.
  C) Wages adjust rapidly to changes in inflation as long as expectations are formed rationally.
  D) Technological shocks to the economy affect only aggregate demand in the short run.

Question 2

How is the market demand for public goods derived?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

laurnthompson

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

To arrive at the market demand for public goods, we add up the amounts that individual households are willing to pay for each potential level of output.


savannahhooper

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
:D TYSM

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

The Female Menstrual Cycle The Female Menstrual Cycle
Glutathione and the g-glutamyl cycle Glutathione and the g-glutamyl cycle
International Business: The Challenges of Globalization International Business: The Challenges of Globalization
Earth as a System: The Hydrologic Cycle Earth as a System: The Hydrologic Cycle
Phases of the Cell Cycle Phases of the Cell Cycle
The business trip grade 1 The business trip grade 1
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library