Author Question: According to the party cycle theory, recessions a. will be nonexistent in the near future. b. ... (Read 72 times)

nummyann · **on:** Jun 30, 2018

According to the party cycle theory, recessions

a. will be nonexistent in the near future.
b. are most apt to occur when a liberal president is elected.
c. are most likely to occur during the first couple of years following the election of a conservative president.
d. are here to stay.

Question 2

Imperfect information is a critical assumption in the

a. classical model.
b. Keynesian model.
c. monetarist model.
d. new Keynesian model.
e. real business cycle model.