Author Question: Real business cycle theorists agree with new classical economists that a. agents maximize utility ... (Read 58 times)

jc611 · **on:** Jun 30, 2018

Real business cycle theorists agree with new classical economists that

a. agents maximize utility and form expectations rationally.
b. the labor market do not clear.
c. imperfect information plays a big role in business cycles.
d. Both a and c

Question 2

The comparative advantage of the South was in

(a) small farms producing for the local market.
(b) plantation agriculture producing for export.
(c) manufacturing.
(d) shipbuilding and trades related to shipbuilding.